WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

       Date of Report (Date of earliest event reported): November 8, 2007

                           GREENE COUNTY BANCORP, INC.
             (Exact Name of Registrant as Specified in its Charter)

     Federal                        0-25165                    14-1809721
------------------------      ------------------------    ---------------------
(State or Other Jurisdiction  (Commission File No.)         (I.R.S. Employer
       of Incorporation)                                   Identification No.)

302 Main Street, Catskill NY                                     12414
-----------------------------------------                     -----------
(Address of Principal Executive Offices)                      (Zip Code)

Registrant's telephone number, including area code:  (518) 943-2600

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))


Item 5.02 Departure of Directors or Principal  Officers;  Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

     On November 8, 2007,  Greene  County  Bancorp,  Inc. (the  "Company"),  the
holding  company for The Bank of Greene County (the "Bank"),  announced that Mr.
Bruce P. Egger,  its Senior Vice President and Secretary,  will be retiring from
those  positions at the Company and the Bank on December 31, 2007. Mr. Egger has
been affiliated with the Bank in various capacities since 1977.

     In connection with his retirement,  Mr. Egger entered into an Agreement and
General  Release  with the Bank,  filed as Exhibit 10  hereto.  Pursuant  to the
agreement,  the  Bank  will  pay Mr.  Egger  $75,000  in  thirty  equal  monthly
installments, and will cash out 12,000 options previously granted to Mr. Egger.

Item 9.01.    Financial Statements and Exhibits.

     (a)  Not Applicable.

     (b)  Not Applicable.

     (c)  Not Applicable.

     (d)  Exhibits:

         Exhibit No.                        Description
         -----------                        -----------

             10                             Agreement and General Release



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                  GREENE COUNTY BANCORP, INC.

DATE:  November 13, 2007          By:  /s/ Donald Gibson
                                          Donald Gibson
                                          President and Chief Executive Officer