Published:
The Elmira Savings Bank, FSB and First Citizens National Bank Announce Consummation of Branch Deal
ELMIRA, N.Y. andMANSFIELD, Pa., Nov. 22 /PRNewswire/ -- The Elmira
Savings Bank, FSB and First Citizens National Bank announced today the
consummation of the sale of Elmira Savings Bank'sMansfield, PA, branch to
First Citizens National Bank. The sale included approximately $17.4 million in
deposits, the transfer of the branch's fixed assets and premises, and
approximately $266,000 of commercial and consumer loans. First Citizens
National Bank paid a purchase price of approximately $1.7 million for the
branch.
Elmira Savings Bank, FSB with $463.0 million in total assets, is insured
by the Federal Deposit Insurance Corporation and is a federally chartered bank
with five offices inChemung County, NY, three offices and a loan center in
Tompkins County, NY, one office inSteuben County, NY, and one office in
Cayuga County, NY.
First Citizens National Bank, headquartered inMansfield, PA, has offices
inBlossburg,Ulysses,Genesee,Sayre,Wellsboro,Troy,Canton,Gillett,
Millerton,LeRaysville,Towanda, andWellsville, NY, as well as two in-store
offices located in the Mansfield Wal-Mart and Wellsboro Weis Market. First
Citizens National Bank, a nationally chartered bank with $617.8 million in
total assets, offers a full line of banking and investment services.
SOURCE Elmira Savings Bank, FSB; First Citizens National Bank
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