| Business Summary | | Elmira
Savings
Bank
(the
Bank)
is
a
community
bank
serving
the
Southern
tier
of
New
York
and
Northern
Tier
of
Pennsylvania.
The
Bank
operates
six
offices
in
Chemung
County,
New
York,
and
Tioga
County,
Pennsylvania.
Founded
in
1869,
the
Bank
converted
to
a
Federal
Stock
Savings
Bank
in
1985.
Elmira
Savings
Bank
offers
a
wide
range
of
products
and
services,
including
savings
and
time
accounts,
personal
checking,
loans
and
business
banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Elmira
Savings
Bank
is
a
community
bank
operating
five
offices
across
NY
and
one
in
PA.
For
the
nine
months
ended
9/30/00,
total
interest
income
increased
11%
to
$14.9
million.
Net
interest
income
after
loan
loss
prov.
rose
7%
to
$7.3
million.
Net
income
rose
23%
to
$1.5
million.
Total
interest
income
reflects
increased
loans
outstanding.
Higher
income
also
reflects
higher
other
income
and
the
absence
of
a
$255
thousand
arbitration
award
charges. Recent Earnings Announcement For
the
3
months
ended
12/31/2000,
after
tax
earnings
were
506. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | George Howell | Chairman | John Brugler | Pres,
CEO | Michael Hosey | COO,
Exec. VP, Director | J. Patrick Phillips | Controller | John Alexander | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|