Press Release

SOLVAY BANK CORP. REPORTS THIRD QUARTER EARNINGS


October 31, 2013: Solvay Bank Corp., the holding company for Solvay Bank, reported earnings for the third quarter of $1.6 million, consistent with the earnings reported for the third quarter of 2012. The cash dividends declared on common stock in the third quarter were $.28 per share, increasing 3.7% over the 2012 third quarter dividend. Total assets at the end of the third quarter were $663.7 million, growing $7.8 million or 1.2% over the same period in 2012. Total loans were $396.7 million, increasing $12.5 million or 3.2% from the prior year. Residential real estate loans, including home equity loans, grew $7.8 million or 3.5%. "During the third quarter we also finished the expansion of our State Tower office in Downtown Syracuse." stated Paul P. Mello, CPA, President and Chief Executive Officer. "This is the second location with our Smart*Office design. Our State Tower location features a unique staffing model, state of the art processing equipment and a community room for meetings and closings. This office also features Wi-Fi equipment for our clients. We tailor the design of each Smart*Office according to the needs of the area. Our Smart*Office at State Tower in Hanover Square is part of the new vibrancy of Downtown Syracuse."

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 website can be reached at www.solvaybank.com.



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