Elmira Savings Bank Declares Cash Dividend

Rhea-AI Summary

Elmira Savings Bank (NASDAQ:ESBK) has announced a cash dividend of $0.15 per share on its common shares, payable on March 11, 2022, to shareholders of record as of March 3, 2022. With total assets amounting to $622.3 million, Elmira Savings Bank is FDIC-insured and operates multiple branches across New York. This decision reflects the bank’s commitment to returning value to its shareholders while navigating the risks associated with competitive products and growth management.

Positive

• Declared a cash dividend of $0.15 per share, demonstrating shareholder value.
• Total assets of $622.3 million indicate financial stability.

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• None.

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 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 & CEO
Elmira Savings Bank
333 East Water Street
Elmira, New York 14901
(607) 735-8660
E-Mail tcarr@elmirasavingsbank.com

FAQ

What is the dividend amount declared by Elmira Savings Bank?

Elmira Savings Bank declared a cash dividend of $0.15 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 11, 2022.

What is the record date for the dividend?

The record date for the dividend is March 3, 2022.

What are the total assets of Elmira Savings Bank?

Elmira Savings Bank has total assets of $622.3 million.