Press Release

SOLVAY BANK CORP. DECLARES THIRD QUARTER CASH DIVIDEND

October 15, 2010 - The Board of Directors of Solvay Bank Corp., the holding company for Solvay Bank, declared a second quarter dividend of $0.24 per share. The dividend is payable on October 25th, 2010 to shareholders of record on October 1st, 2010. The dividend represents a 4.4% increase over the dividend paid for the third quarter of 2009.

Solvay Bank celebrates its 93rd 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 Bank's Web site can be reached at www.solvaybank.com.

For additional information, please contact: Karen Zarach, Solvay Bank (315) 484-2213.