ELMIRA — Michael P. Hosey, CEO of Elmira Savings Bank, was recently elected as chairman of the board of directors of Arnot Health, a not-for-profit, independent, three-hospital, regional health-care system based in Elmira.
Hosey will succeed S. Jan Eberhard, M.D. who served a five-year term as chairman of the Arnot Ogden Medical Center board of managers and a two-year term as chairman of the Arnot Health board of directors. Eberhard’s service marks the longest standing chairmanship in nearly 40 years, the organization said in a news release. He helped successfully lead the board of directors through both the St. Joseph’s Hospital and Ira Davenport Memorial Hospital mergers.
Hosey was named to the Arnot Ogden Medical Center board of managers in 2005 and the Arnot Health board of directors in 2011 and subsequently served on several committees. He has been with Elmira Savings Bank for 29 years and currently serves as vice chairman in addition to his CEO post.
(Sponsored)

The OBBBA Resurrects the Immediate R&E Expense Deduction
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and experimental (R&E) costs over five years, rather

Why ESG and Sustainability Reporting Matters for Your Business
As the landscape of financial reporting has evolved, the concept of environmental, social and governance (ESG) and sustainability has grown exponentially. In 2011, only 5% of S&P 500 companies reported
Hosey holds an MBA in finance and a bachelor’s degree in accounting from the University of Scranton and is a graduate of the Stonier Graduate School of Banking at the University of Delaware. He is a lifetime resident of the Elmira area and serves the community as a member and/or officer of several organizations.
Contact Carbonaro at mcarbonaro@cnybj.com

