Elmira Savings Bank Declares Cash Dividend

Rhea-AI Summary

The Board of Directors of Elmira Savings Bank (NASDAQ:ESBK) has declared a cash dividend of $0.15 per share on its common stock. This dividend will be payable on March 12, 2021, to shareholders of record as of March 4, 2021. Elmira Savings Bank currently holds total assets of $649.0 million and is insured by the FDIC, operating multiple locations across New York's Chemung, Tompkins, Steuben, Cayuga, and Schuyler Counties.

Positive

• Cash dividend of $0.15 per share benefits shareholders.
• Total assets of $649.0 million indicate stability.

Negative

• None.

News Market Reaction – ESBK

+0.53%

+0.53% Session move

In the trading session that priced this news, ESBK gained 0.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ELMIRA, N.Y., Feb. 17, 2021 (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 March 12, 2021 to shareholders of record March 4, 2021.

Elmira Savings Bank, with $649.0 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 amount of the dividend declared by Elmira Savings Bank?

Elmira Savings Bank has declared a cash dividend of $0.15 per share.

When will the cash dividend be paid?

The cash dividend will be paid on March 12, 2021.

Who is eligible to receive the dividend from Elmira Savings Bank?

Shareholders of record as of March 4, 2021, are eligible to receive the dividend.

How stable is Elmira Savings Bank financially?

Elmira Savings Bank has total assets of $649.0 million, indicating strong financial stability.