Press Release

SOLVAY BANK CORP. REPORTS SECOND QUARTER EARNINGS

July 26, 2010 - Solvay Bank Corp., the holding company for Solvay Bank, announced today its net income for the second quarter of 2010 was $2.7 million, decreasing slightly by $16 thousand or .6% over the same period in 2009. Cash dividends declared on common stock were $.24 per share, increasing 4.4% over the second quarter of 2009. Earnings for the second quarter were $1.4 million compared to $1.3 million in the second quarter of 2009. Total assets were $582.1 million, compared to $538.0 at the end of June, 2009, representing an increase of $44.2 million or 8.2%. Total loans increased to $368.2 million, up $3.5 million or 1.0% over prior year. Total deposits increased $46.0 million or 9.6% over the same period in 2009 to $526.0 million.

"We are pleased with our results as we continue to post solid earnings despite the effects of a prolonged recession." stated Paul P. Mello, CPA, President and Chief Executive Officer. "We opened our eighth location in Cicero in May and have redesigned our www.solvaybank.com website to better serve our customer base by allowing accounts to be opened online using a state-of-the-art authentication software. We continue to grow and expand our services despite the economic downturn".

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 Bank's Web site can be reached at www.solvaybank.com.

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