Elmira Savings Bank Declares Stock and Cash Dividend
23 Maggio 2018 - 8:11PM
The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has
declared a 5% stock dividend on existing common shares outstanding
and a $.23 per share cash dividend on the newly issued and existing
shares. The stock and cash dividend will be paid on June 15, 2018
to shareholders of record June 8, 2018.
“We are pleased to be able to provide this stock
dividend, as well as our cash dividend, to reward our many loyal
shareholders,” said Thomas M. Carr, President and Chief Executive
Officer. He continued, “The capital restructuring that we
accomplished last year has allowed us to provide this dividend
increase.”
Elmira Savings Bank, with $556.0 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 in Tompkins County, NY; two
offices in Steuben County, NY; one office in Cayuga County, NY; one
office in Schuyler 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 & CEOElmira Savings Bank333 East Water StreetElmira,
New York 14901(607) 735-8660E-Mail:
tcarr@elmirasavingsbank.com
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