Press Release

SOLVAY BANK CORP. REPORTS THIRD QUARTER EARNINGS

October 27, 2010: -Solvay Bank Corp., the holding company for Solvay Bank, announced today its net income for the third quarter of 2010 was $1.5 million, increasing by $91 thousand or 6.4% over the same period in 2009. Cash dividends declared on common stock were $.24 per share, increasing 4.4% over the third quarter of 2009. Year to date net income through the third quarter of 2010 was $4.2 million, increasing by $75 thousand or 1.8% over the first three quarters of 2009. Total assets were $591.1 million, compared to $562.3 at the end of September, 2009, representing an increase of $28.8 million or 5.1%. Total loans were 368.6 million at the end of September, 2010. Total deposits increased $29.2 million or 5.8% over the same period in 2009 to $533.0 million.

"We continue to post strong results despite the weak loan demand that is a reflection of a difficult economic environment." stated Paul P. Mello, CPA, President and Chief Executive Officer. "Our new Cicero location is off to a strong start and our new High Interest Checking Product has attracted many new customers to Solvay Bank. We remain excited and optimistic as we continue to grow our portfolio of products and services to meet our customer's financial needs."

Founded in 1917, Solvay Bank is 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 Fairmount, Camillus, Liverpool, North Syracuse, Cicero, 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.