SOURCE: Elmira Savings Bank

Elmira Savings Bank

November 23, 2011 09:37 ET

Elmira Savings Bank Declares Cash Dividend

ELMIRA, NY--(Marketwire - Nov 23, 2011) - The Board of Directors of The Elmira Savings Bank, FSB (NASDAQ: ESBK) has declared a $0.22 per share cash dividend on their existing common shares outstanding and a 10% stock dividend on their existing common shares outstanding. The cash dividend will be paid on December 28, 2011 to shareholders of record December 9, 2011. The Bank also declared a dividend on their preferred shares outstanding.

"We are pleased to be able to increase our cash dividend, as well as reinstitute a stock dividend to reward our many loyal shareholders," said Michael P. Hosey, President and Chief Executive Officer.

Elmira Savings Bank, FSB with $512.7 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.

Contact Information

  • For further information contact:
    Thomas M. Carr
    EVP & COO
    Elmira Savings Bank, FSB
    333 East Water Street
    Elmira, New York 14901
    (607) 735-8660
    E-Mail Email Contact