Elmira Savings Bank Declares Cash Dividend

Rhea-AI Summary

Elmira Savings Bank (NASDAQ: ESBK) has declared a cash dividend of $0.15 per share, set to be paid on September 11, 2020, to shareholders of record on September 4, 2020. The bank holds $684.4 million in total assets and is insured by the FDIC. Elmira operates multiple branches across several counties in New York.

Positive

• Declared a cash dividend of $0.15 per share for shareholders.
• Total assets reported at $684.4 million, indicating financial stability.

Negative

• None.

News Market Reaction – ESBK

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ELMIRA, N.Y., Aug. 19, 2020 (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 September 11, 2020 to shareholders of record September 4, 2020.

Elmira Savings Bank, with $684.4 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 (ESBK)?

The declared dividend amount is $0.15 per share.

When will Elmira Savings Bank pay the dividend?

The dividend will be paid on September 11, 2020.

What is the record date for the dividend payment by ESBK?

The record date for the dividend payment is September 4, 2020.

What are the total assets of Elmira Savings Bank?

Elmira Savings Bank has total assets of $684.4 million.