Elmira Savings Bank Announces Shareholder Approval of Merger Agreement
ELMIRA, N.Y., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Elmira Savings Bank (NASDAQ:ESBK) announces that the Shareholders of Elmira Savings Bank (“Elmira”), at its Special Shareholders Meeting held on December 14, 2021, voted to approve the proposed merger (the “Merger”) of Elmira with Community Bank, N.A. There were more than
“We are pleased that our shareholders have overwhelmingly approved the Merger Agreement with Community Bank, N.A.,” said Elmira Savings Bank President and CEO, Thomas M. Carr.
On October 4, 2021, Elmira Savings Bank, in a joint press release with Community Bank System, Inc. (NYSE:CBU), announced that it had entered into a definitive agreement to be acquired by Community Bank System’s bank subsidiary, Community Bank, N.A. for approximately
Elmira Savings Bank, with total assets at September 30, 2021 of
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