Elmira Savings Bank Announces Election of Director

ELMIRA, NY--(Marketwire - Oct 3, 2011) - The Elmira Savings Bank, FSB (NASDAQ: ESBK) ("the "Bank"), today announced that at a meeting held on September 27, 2011, the Board of Directors elected Donald G. Quick, Jr., CPA, to become a member of its Board of Directors, effective October 1, 2011.

Mr. Quick has recently retired as a partner of the Elmira office of Mengel, Metzger, Barr & Co., LLP, one of the region's most recognizable certified public accounting firms. Mr. Quick has over 40 years of professional experience, has been an active community member while residing for the last 30 years in Elmira, and is originally from Ithaca, NY. Mr. Quick will serve as the Audit Committee financial expert on the Bank's Board of Directors.

Michael P. Hosey, Bank President and CEO, stated, "We are very pleased to have Don, with his technical skills and vast experience, as a member of our Board of Directors. He will be a great asset."

Elmira Savings Bank, FSB with $510.9 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a federally chartered Bank with five offices in Chemung County, NY; three offices and a loan center in Tompkins County, NY; one office in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Cortland County, NY.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve the risks and uncertainties, including the timely availability and acceptance of Bank products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the Bank's publicly available regulatory reports.