Elmira Savings Bank Declares Cash Dividend

ELMIRA, N.Y., Feb. 18 /PRNewswire-FirstCall/ -- The Board of Directors of the Elmira Savings Bank, FSB (Nasdaq: ESBK) has declared a $0.20 per share cash dividend on their common shares outstanding.  The cash dividend will be paid on March 26, 2010 to shareholders of record March 5, 2010.  The Bank also declared a dividend on their preferred shares outstanding.

Elmira Savings Bank, FSB with $489.2 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.

SOURCE Elmira Savings Bank, FSB

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