Elmira Savings Bank Declares Cash Dividend
May 20 2020 - 1:31PM
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 12,
2020 to shareholders of record as of June 5, 2020.
Mr. Thomas Carr stated, “We made a difficult
decision to reduce our cash dividend for the current quarter due to
the uncertainty of the economic recovery.” Mr. Carr continued, “We
have paid a cash dividend for every quarter since our Initial
Public Offering in the 1980’s, and we are committed to its
continuance.”
Elmira Savings Bank, with $638.8 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 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.
For further information contact:Thomas M. Carr,
President & CEOElmira Savings Bank333 East Water StreetElmira,
New York 14901(607)
735-8660E-Mail tcarr@elmirasavingsbank.com
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