ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) announced that its board of directors has declared a 5 percent stock dividend on existing common shares outstanding and a cash dividend of 23 cents a share on newly issued and existing shares. Both the stock and cash dividend were paid on June 15 to shareholders of record […]
Get Instant Access to This Article
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
- Critical Central New York business news and analysis updated daily.
- Immediate access to all subscriber-only content on our website.
- Get a year's worth of the Print Edition of The Central New York Business Journal.
- Special Feature Publications such as the Book of Lists and Revitalize Greater Binghamton, Mohawk Valley, and Syracuse Magazines
Click here to purchase a paywall bypass link for this article.
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) announced that its board of directors has declared a 5 percent stock dividend on existing common shares outstanding and a cash dividend of 23 cents a share on newly issued and existing shares.
Both the stock and cash dividend were paid on June 15 to shareholders of record on June 8.
“We are pleased to be able to provide this stock dividend, as well as our cash dividend, to reward our many loyal shareholders,” Thomas M. Carr, president and CEO of Elmira Savings Bank, said in a news release. He noted that the capital restructuring that the banking company completed last year has allowed it to offer this dividend increase.
Elmira Savings Bank, with $556 million in total assets, is a state-chartered bank with six branches in Chemung County, three offices in Tompkins County, two branches in Steuben County, one office in Cayuga County, one branch in Schuyler County, and a loan center in Broome County.