Elmira Savings Bank Repays SBLF Capital
06 Gennaio 2014 - 8:00PM
Marketwired
Elmira Savings Bank Repays SBLF Capital
ELMIRA, NY--(Marketwired - Jan 6, 2014) - Elmira Savings Bank
(NASDAQ: ESBK) announced today that it repaid $3.5 million of its
outstanding preferred shares that had been issued to the United
States Treasury Department through the Small Business Lending
Fund.
"We are pleased to redeem these outstanding preferred shares,
exiting the SBLF program, and reducing our dividend payments to
preferred shareholders," said Thomas M. Carr, President and Chief
Operating Officer.
Elmira Savings Bank, with $514.3 million in total assets, is
insured by the Federal Deposit Insurance Corporation (FDIC) and is
a state-chartered bank with six offices in Chemung County, NY;
three offices and a loan center in Tompkins County, NY; two offices
in Steuben County, NY; one office in Cayuga County, NY; one office
in Schuyler County, NY; a loan center in Cortland County, NY; 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 &
COO Elmira Savings Bank 333 East Water Street Elmira, New York
14901 (607) 735-8660 E-Mail Email Contact
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