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Elmira Savings Bank Announces New Director

ELMIRA, NY -- (Marketwired) -- 01/08/14 -- Elmira Savings Bank (NASDAQ: ESBK) is pleased to announce the election of Robert K. Lambert, M.D., to the Board of Directors.

Dr. Lambert is President and Chief Executive Officer of the Arnot Health System in Elmira, NY, a three hospital regional health system employing approximately 2,800 medical staff and employees. He is certified by the American Board of Internal Medicine, received his medical education from the University of Rochester School of Medicine and Dentistry in Rochester, New York, and completed his internship in internal medicine at the University of Nebraska College of Medicine in Omaha, Nebraska.

"We are very pleased to be adding Dr. Lambert to our Board of Directors. We are sure he will be a great asset to our organization," said Michael P. Hosey, Chief Executive 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.

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For further information contact:
Thomas M. Carr
President & COO
Elmira Savings Bank
333 East Water Street
Elmira, New York 14901
(607) 735-8660
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