SOLVAY, N.Y. — Solvay Bank Corp., holding company for Solvay Bank, announced today that it will pay a quarterly dividend of 30 cents a share.
The banking company will pay the dividend on Oct. 23, to shareholders of record as of Sept. 30.
The dividend is the same amount Solvay Bank has paid in each of the last two quarters after it boosted its dividend from 29 cents a share this past spring.
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Founded in 1917, Solvay Bank says it is the largest independent commercial bank headquartered and operating in Onondaga County.
Solvay Bank’s main office is at 1537 Milton Avenue in Solvay. It has eight more branches in Camillus, Cicero, DeWitt, Fairmount, Liverpool, North Syracuse, downtown Syracuse, and Westvale. The company also owns Solvay Bank Insurance Agency, Inc. — a full service general insurance agency.
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