ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) will open a new branch office in Elmira Heights later this month.
The bank announced Wednesday (Aug. 8) that it had purchased real estate at 2081 Lake Rd., Elmira Heights, and will open a full-service branch office there on Aug. 27. Financial terms were not disclosed.
“We are pleased to open this branch in Elmira Heights to provide added convenience for our Horseheads and Elmira customers,” Thomas Carr, executive vice president and COO at Elmira Savings Bank, said in a news release. “We also look forward to developing new relationships and to expanding our existing relationships in Elmira Heights.”
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Elmira Savings Bank (www.elmirasavingsbank.com), with $526.8 million in total assets, has five branches in Chemung County, three offices and a loan center in Tompkins County, one branch in Steuben County, one office in Cayuga County, one branch in Schuyler County, and a loan center in Cortland County.
Elmira Savings Bank recently reported that its net income for the six months ending June 30 totaled $2.52 million, or 76 cents a share, compared to $2.42 million, or 77 cents per share, in the first half of 2011.
Contact DeLore at tdelore@tgbbj.com
