Elmira Savings Bank Announces Four New Directors

ELMIRA, NY--(Marketwire - Jan 24, 2012) - The Elmira Savings Bank (NASDAQ: ESBK) is pleased to announce the election of four new members to their Board of Directors.

Thomas M. Carr serves as the Bank's Executive Vice President and Chief Operating Officer with broad management authority across all business lines and operations. Mr. Carr holds an MBA from LeMoyne College and attended the Dartmouth Tuck School Executive Development Program. He is a board member of ElmCo LLC, Chemung County Historical Society, Three Rivers Development, and Notre Dame High School.

Katherine H. Roehlke is President and Chief Executive Officer, F.M. Howell & Company, founded in 1883. The company provides full service packaging capabilities to the pharmaceutical and medical industries and consumer products manufacturers. Mrs. Roehlke is a graduate of Bucknell University and attended the Harvard University Executive Development Program. She has been a board member of Arnot Health and involved with Young Presidents International.

Arie "Jan" van den Blink is Chairman and Chief Executive Officer of The Hilliard Corporation founded in Elmira, NY, in 1905. The company manufactures a broad line of motion control products and filtration products across many industries. Mr. van den Blink holds a B.S. Degree in Business Administration from Minnesota State University and a J.D. Degree from Rutgers University Law School. He is involved with many community organizations including the Clemens Center, Hilliard Foundation, Southern Tier Economic Growth, and the National Soaring Museum.

Marianne W. Young is President of Market Street Trust Company, Corning, NY. Prior to joining Market Street Trust, Ms. Young practiced law at Harris, Beach & Wilcox, where she focused on corporate and banking law. She received a B.A. Degree from Mount Holyoke College and a M.S. Ed. from the University of Rochester. She also holds a J.D. Degree from Cornell Law School. She is a past President of the Board of Trustees of the Rockwell Museum in Corning, NY. She is a trustee of the Alternative School for Math and Science, a private middle school located in the Corning area, and a director on the board of the Finger Lakes Land Trust.

Elmira Savings Bank with $523.4 million in total assets, is insured by the Federal Deposit Insurance Corporation (FDIC) and is a New York State chartered Bank with six offices in Chemung County, New York, three offices and a loan center in Tompkins County, NY; one office in Steuben County, NY; one office in Cayuga County, NY; one office in Schuyler County, NY; and a loan center in Cortland County, NY.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve the risks and uncertainties, including the timely availability and acceptance of Bank products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the Bank's regulatory reports.

Contact Information:

For further information contact:
Michael P. Hosey
President & CEO
Elmira Savings Bank
333 East Water Street
Elmira, New York 14901
(607) 737-8809