Elmira Savings Bank Purchases Bank Building

ELMIRA, NY--(Marketwired - Apr 9, 2014) - Elmira Savings Bank (NASDAQ: ESBK) has acquired a former bank building located at 712 N. Franklin Street, Watkins Glen, New York. The bank will be making renovations during 2014 and intends to open a full-service branch in early 2015.

"We are excited about expanding our branch network into the community of Watkins Glen," said Thomas M. Carr, President and Chief Operating Officer. He continued, "We have many existing customers in the market and look forward to bringing them an added level of convenience."

Elmira Savings Bank, with $513.9 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with six offices in Chemung County, NY; three offices and a loan center in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; a loan center in Cortland County, NY; and a loan center in Broome 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.