Press Release March 20 2012
SOLVAY BANK CORP. DECLARES FIRST QUARTER DIVIDEND
March 20, 2012: The Board of Directors of Solvay Bank Corp., the holding company for Solvay Bank, declared a first quarter dividend of $0.27 per share. The dividend is payable on April 26, 2012 to shareholders of record on March 29, 2012. The dividend represents a 3.8% increase over the dividend paid for the first quarter of 2011.
Solvay Bank celebrates its 95th anniversary this year, making it the oldest independent commercial bank headquartered and operating in Onondaga County, and is committed to providing its customers with the very best in financial products and customer service. Solvay Bank has a main office located at 1537 Milton Avenue in Solvay and seven branches conveniently located in Camillus, Fairmount, Liverpool, Cicero, North Syracuse, downtown Syracuse and Westvale. Solvay Bank also owns a full service general insurance agency, Solvay Bank Insurance Agency, Inc. The Solvay Bank web site can be reached at www.solvaybank.com.
For additional information, please contact: Karen Zarach, Solvay Bank (315) 484-2213.