UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             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 1, 2006
                                                         ----------------
                           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 8.01     Other Events
              ------------

     On November 1, 2006,  The Bank of Greene County (the  "Bank"),  the savings
bank subsidiary of Greene County Bancorp,  Inc. (the  "Company"),  completed its
conversion  from  a New  York  savings  bank  to a  federal  savings  bank.  The
conversion  was  previously  announced  on May 30,  2006.  The  Office of Thrift
Supervision,  the Bank's new  primary  regulator,  approved  the  conversion  on
September 27, 2006.

     As a result of the charter conversion, the Bank and the Company will have a
single primary regulator, the Office of Thrift Supervision.

     The  Bank's  deposits  remain  insured  by the  Federal  Deposit  Insurance
Corporation following completion of the charter conversion.











                                   SIGNATURES
                                   ----------

     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 2, 2006               By: /s/J. Bruce Whittaker
                                          ------------------------------
                                          J. Bruce Whittaker
                                          President and Chief Executive Officer