Published: November 22, 2008

The Elmira Savings Bank, FSB and First Citizens National Bank Announce Consummation of Branch Deal

Share This Story

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