Elmira Savings Bank Announces Opening of Cashless Branch and Loan Production Office

• Press Release
• Source: Elmira Savings Bank, FSB
• On 9:24 am EDT, Thursday September 10, 2009

ELMIRA, N.Y., Sept. 10 /PRNewswire-FirstCall/ -- The Elmira Savings Bank (Nasdaq: ESBK - News) today announced the opening of a cashless branch and loan production office in Montour Falls, NY. The office will be located at 401 W. Main Street, Montour Falls, NY, in the recently renovated Montour House. The branch will be open initially on Monday, Wednesday, and Friday from 11:00 a.m. to 4:00 p.m., or by appointment.

Michael P. Hosey, President & CEO commented, "We are pleased to announce our entrance into Schuyler County, which strengthens our foothold in the Finger Lakes region and helps to connect our core market areas." Hosey continued, "We look forward to originating loans through this facility, as well as opening deposit accounts."

Elmira Savings Bank, FSB with $513.0 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; and one office in Cayuga 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.