Elmira Savings Bank provides financial services to consumers and businesses. It offers savings and money market accounts, time deposits, retail and commercial checking accounts, and NOW accounts; certificates of deposit; residential and commercial real estate, construction, commercial loans, as well as consumer loans, comprising of installment loans, overdraft line of credit, and home equity loans; and mortgage loans secured by first and second liens on one-to-four family residences. The company also operates a real estate investment trust; and provides financial planning advisory services. The company operates through a network of twelve full-service offices located in Chemung, Tompkins, Cayuga, Schuyler, and Steuben Counties; and one limited service office located in Broome County, New York. Elmira Savings Bank was founded in 1869 and is based in Elmira, New York.
IPO Year:
Exchange: NASDAQ
Website: elmirasavingsbank.com
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Community Bank System, Inc. ("Community Bank System") (NYSE:CBU), the parent company of Community Bank, N.A. ("Community Bank"), announced today that Community Bank completed its merger with Elmira Savings Bank, a New York state chartered savings bank ("Elmira") (NASDAQ:ESBK) on May 13, 2022. Community Bank acquired Elmira in an all cash transaction representing total consideration valued at approximately $82.8 million. The merger added eight branch locations across a five-county area in the Central New York and Southern Tier markets. With completion of the merger, Community Bank System has over $16.2 billion in assets and over $13.8 billion in deposits. Mark E. Tryniski, President and Chi
ELMIRA, N.Y., April 27, 2022 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,168,000 for the three months ended March 31, 2022, compared to $1,204,000 for the same period in 2021.Diluted earnings per share were $.33 per share for the three months ended March 31, 2022, compared to $.34 per share for the same period in 2021. Return on average assets was .76% for the three months ended March 31, 2022, and .75% for the same period in 2021.Return on average equity was 7.32% for the three months ended March 31, 2022, compared to 7.93% for the same period in 2021. "Earnings per share and return on assets are consistent with last year's first
ELMIRA, N.Y., Feb. 17, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on March 11, 2022 to shareholders of record March 3, 2022. Elmira Savings Bank, with $622.3 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical informati
ELMIRA, N.Y., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,102,000 and $5,219,000 for the three and twelve months ended December 31, 2021 compared to $1,284,000 and $4,159,000 for the same periods in 2020.Diluted earnings per share were $.31 per share and $1.48 per share for the three and twelve months ended December 31, 2021 compared to $.37 per share and $1.19 per share for the same periods in 2020. Return on average assets was .69% and .81% for the three and twelve months ended December 31, 2021 compared to .78% and .64% for the three and twelve months ended December 31, 2020.Return on average equity was 6.82% and 8.31% for the th
ELMIRA, N.Y., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) announces that the Shareholders of Elmira Savings Bank ("Elmira"), at its Special Shareholders Meeting held on December 14, 2021, voted to approve the proposed merger (the "Merger") of Elmira with Community Bank, N.A. There were more than 75% of the issued and outstanding shares represented at the Special Meeting and more than 98% of the votes cast were voted to approve the Merger. "We are pleased that our shareholders have overwhelmingly approved the Merger Agreement with Community Bank, N.A.," said Elmira Savings Bank President and CEO, Thomas M. Carr. On October 4, 2021, Elmira Savings Bank, in a joint p
ELMIRA, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on December 10, 2021 to shareholders of record December 3, 2021. Elmira Savings Bank, with $634.4 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical informa
ELMIRA, New York, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,511,000 and $4,117,000 for the three and nine months ended September 30, 2021 compared to $948,000 and $2,875,000 for the same periods in 2020.Diluted earnings per share were $.43 per share and $1.17 per share for the three and nine months ended September 30, 2021 compared to $.27 per share and $.82 per share for the same periods in 2020. Return on average assets was .92% and .85% for the three and nine months ended September 30, 2021 compared to .55% and .60% for the three and nine months ended September 30, 2020.Return on average equity was 9.49% and 8.83% for the three
Community Bank System, Inc. ("Community Bank System") (NYSE:CBU) and Elmira Savings Bank (NASDAQ:ESBK) today announced that they have entered into a definitive agreement pursuant to which Community Bank System's bank subsidiary, Community Bank, N.A., will acquire Elmira Savings Bank ("Elmira"), in an all cash transaction representing total consideration valued at approximately $82.8 million. Under the terms of the agreement, shareholders of Elmira will receive $23.10 in cash for each share of common stock they own. The transaction has been unanimously approved by the boards of directors of both companies. This press release features multimedia. View the full release here: https://www.busine
ELMIRA, N.Y., Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on September 10, 2021 to shareholders of record September 2, 2021. Elmira Savings Bank, with $653.1 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical i
ELMIRA, N.Y., July 21, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,402,000 and $2,606,000 for the three and six months ended June 30, 2021 compared to $909,000 and $1,927,000 for the same periods in 2020.Diluted earnings per share were $.40 per share and $.74 per share for the three and six months ended June 30, 2021 compared to $.26 per share and $.55 per share for the same periods in 2020. Return on average assets was .86% and .81% for the three and six months ended June 30, 2021 compared to .57% and .62% for the three and six months ended June 30, 2020.Return on average equity was 9.03% and 8.48% for the three and six months ended
ELMIRA, N.Y., April 27, 2022 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,168,000 for the three months ended March 31, 2022, compared to $1,204,000 for the same period in 2021.Diluted earnings per share were $.33 per share for the three months ended March 31, 2022, compared to $.34 per share for the same period in 2021. Return on average assets was .76% for the three months ended March 31, 2022, and .75% for the same period in 2021.Return on average equity was 7.32% for the three months ended March 31, 2022, compared to 7.93% for the same period in 2021. "Earnings per share and return on assets are consistent with last year's first
ELMIRA, N.Y., Feb. 17, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on March 11, 2022 to shareholders of record March 3, 2022. Elmira Savings Bank, with $622.3 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical informati
ELMIRA, N.Y., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,102,000 and $5,219,000 for the three and twelve months ended December 31, 2021 compared to $1,284,000 and $4,159,000 for the same periods in 2020.Diluted earnings per share were $.31 per share and $1.48 per share for the three and twelve months ended December 31, 2021 compared to $.37 per share and $1.19 per share for the same periods in 2020. Return on average assets was .69% and .81% for the three and twelve months ended December 31, 2021 compared to .78% and .64% for the three and twelve months ended December 31, 2020.Return on average equity was 6.82% and 8.31% for the th
ELMIRA, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on December 10, 2021 to shareholders of record December 3, 2021. Elmira Savings Bank, with $634.4 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical informa
ELMIRA, New York, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,511,000 and $4,117,000 for the three and nine months ended September 30, 2021 compared to $948,000 and $2,875,000 for the same periods in 2020.Diluted earnings per share were $.43 per share and $1.17 per share for the three and nine months ended September 30, 2021 compared to $.27 per share and $.82 per share for the same periods in 2020. Return on average assets was .92% and .85% for the three and nine months ended September 30, 2021 compared to .55% and .60% for the three and nine months ended September 30, 2020.Return on average equity was 9.49% and 8.83% for the three
ELMIRA, N.Y., Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on September 10, 2021 to shareholders of record September 2, 2021. Elmira Savings Bank, with $653.1 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical i
ELMIRA, N.Y., July 21, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,402,000 and $2,606,000 for the three and six months ended June 30, 2021 compared to $909,000 and $1,927,000 for the same periods in 2020.Diluted earnings per share were $.40 per share and $.74 per share for the three and six months ended June 30, 2021 compared to $.26 per share and $.55 per share for the same periods in 2020. Return on average assets was .86% and .81% for the three and six months ended June 30, 2021 compared to .57% and .62% for the three and six months ended June 30, 2020.Return on average equity was 9.03% and 8.48% for the three and six months ended
ELMIRA, N.Y., May 24, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on June 11, 2021 to shareholders of record June 3, 2021. Elmira Savings Bank, with $656.3 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical information cont
ELMIRA, N.Y., April 27, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) Highlights Net income was $1,204,000 for the three months ended March 31, 2021 compared to $1,018,000 for the same period in 2020.Diluted earnings per share were $.34 per share for the three months ended March 31, 2021 compared to $.29 per share for the same period in 2020. Return on average assets was .75% for the three months ended March 31, 2021 and .68% for the same period in 2020.Return on average equity was 7.93% for the three months ended March 31, 2021 compared to 6.93% for the same period in 2020. "We are pleased to report an increase in first quarter net income year-to-year, while at the same ti
ELMIRA, N.Y., Feb. 17, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a $0.15 per share cash dividend on their existing common shares outstanding. The cash dividend will be paid on March 12, 2021 to shareholders of record March 4, 2021. Elmira Savings Bank, with $649.0 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state-chartered bank with five offices in Chemung County, NY; three offices in Tompkins County, NY; two offices in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County; and a loan center in Broome County, NY. Except for the historical information c