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Elmira Savings Bank Announces Retirement

ELMIRA, NY -- (Marketwired) -- 04/23/14 -- Elmira Savings Bank (NASDAQ: ESBK) announced following its 2014 Annual Meeting that Anthony J. Cooper retired from the Board of Directors. Mr. Cooper served 22 years on the Bank's Board of Directors.

"We appreciate the contributions Mr. Cooper has made to the organization during his long tenure on the Board and wish him the best in his retirement," said Michael P. Hosey, Vice Chairman and Chief Executive Officer.

Elmira Savings Bank, with $513.9 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a New York 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 cashless 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 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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