Elmira Savings Bank Declares Cash Dividend of $0.22/Share

The Board of Directors of The Elmira Savings Bank, FSB

has declared a $0.22 per share cash dividend on their existing common shares outstanding and a 10% stock dividend on their existing common shares outstanding. The cash dividend will be paid on December 28, 2011 to shareholders of record December 9, 2011. The Bank also declared a dividend on their preferred shares outstanding. "We are pleased to be able to increase our cash dividend, as well as reinstitute a stock dividend to reward our many loyal shareholders," said Michael P. Hosey, President and Chief Executive Officer.