Solvay Bank is the largest independent, commercial bank headquartered and operating on 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse, and Westvale. The Solvay Bank website can be reached at www.solvaybank.com.


SOLVAY BANK ANNOUNCES RECORD EARNINGS
Tuesday, October 22, 2002

Solvay Bank Corp., the holding company for Solvay Bank completed a very successful third quarter, achieving record earnings. Net income through the third wuarter was $3.2 million, increasing $599 thousand or 23.1% over net income in the same period in 2001. Net income for the third quarter was $1.1 million, up 26.4% from earnings in the third quarter of 2001. "Despite a difficult interest rate environment and a sluggish Central New York economy," said Paul Mello, President & CEO, "we continue to achieve record earnings through conservative underwriting practices and the management of our loan and deposit products margins. Total assets grew to a record $401.4 million at September 30, 2002 compared to $364.1 million

last year for an increase of $37.3 million of 10.2%. The increase in assets was a direct result of a surge in deposits, which rose to a record $362.0 million, up $33.9 million or 10.2% Mr. Mello attributed the growth of deposits to weaknesses in the financial markets.

Solvay Bank is the largest 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 five branches conveniently located in Fiarmount, Camillus, North Syracuse, downtown Syracuse, and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com.


SOLVAY BANK CORP. DECLARES THIRD QUARTER DIVIDEND
Friday, September 27, 2002

The Board of Directors of Solvay Bank Corp. declared, on September 17, 2002, a third quarter dividend of $.22 per share. The dividend is payable on October 18, 2002 to shareholders of record on October 1, 2002. The total dividends for the first three quarters of 2002 of $.66 per share reflect a 22.2% increase over the dividends paid for the same time period in 2001.

Solvay Bank is the largest 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse, and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com.


PAUL P. MELLO APPOINTED PRESIDENT AND CEO OF SOLVAY BANK
Friday, August 23, 2002

August 23, 2002: The Board of Directors of Solvay Bank Corp., on August 20, 2002, unanimously appointed Paul P. Mello, President and Chief Executive Officer of Solvay Bank and Solvay Bank Corp. and a Director of each Corporation. Mr. Mello joined Solvay Bank in 1993 as Chief Financial Officer and Treasurer and was appointed Chief Operating Officer, Chief Financial Officer, and Treasurer in 1998. In 2001, he was appointed Executive Vice President and Chief Financial Officer.

Mr. Mello grew up on the south side of the city of Syracuse in the Valley and attended Corcoran High School. A graduate of LeMoyne College, he is a local Certified Public Accountant, having formerly been on the staff of a "Big Six" accounting firm. Mr. Mello lives in the Town of Onondaga with his wife, Sheila, and their daughters, two -year - old Meghan and ten -month - old Anastasia.  Mr. Mello serves on the Board of Directors of Val's Motors, Inc. He is the Treasurer of the Syracuse Liberty Partnerships Dollars for Scholars and Treasurer of the Greater Geddes Chamber of Commerce. He is also involved in the Solvay Vision Partnership. In 2001, Mr. Mello was a recipient of the Syracuse 40 Under 40 Award honoring professionals under the age of 40 for their business accomplishments and community involvement. Mr. Mello is a member of the New York State Society of Certified Public Accountants and the American Institute of Certified Public Accountants.

Solvay Bank is the largest 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse, and Westvale.


SOLVAY BANK ANNOUNCES RECORD PROFITS AND GROWTH
Wednesday, July 24, 2002

Solvay Bank Corp., the holding company for Solvay Bank., announced record profits and growth through the second quarter of this year. Total assets grew to a record $387.8 million at June 30, 2002, compared to $355.4 million last year for an increase of $32.4 million or 9.1%. Total loans were $272.0 million, up $6.0 million or 2.2%. Total deposits were $354.6 million, increasing $29.1 million or 8.9%. Net income through the second quarter was $2.1 million, up $366 thousand or 21.4% over the same period in 2001. Net income per share was $1.93 per share, compared to $1.60 per share last year. Alvin D. Falso, President & CEO, attributed the solid growth to closely monitoring loan and deposit product margins and controlling balance sheet growth.

During the second quarter, Solvay Bank also announced the release of BusinessAccess 24, a commercial internet banking product that allows customers to review deposits and loan balances and transactions directly from a personal computer twenty -four hours a day. Customers also have the ability to initiate internal funds transfers, wire transfers, stop payments and ACH file transfers.  "BusinessAccess 24 has been well received, stated Falso, "and it compliments our other online banking products, MoneyLink 24, for consumer customers, and Portfolio Account Link, for our Trust Department customers. Solvay Bank is the largest 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse, and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com.


SOLVAY BANK INTRODUCES BUSINESSACCESS 24
Monday, July 08, 2002

Solvay Bank announces BusinessAccess 24, an online, real -time cash management system that delivers banking products and services directly into the offices of their commercial customers. 

The two programs offered, Basic and Enhanced, are especially designed to provide businesses with the flexibility of secure, anytime/anywhere cash management. Both programs allow corporate cash managers to make immediate and accurate decisions based on real - time information, including account balances, cash position, maturity, payment and interest. Real - time float analysis provides the information needed to assure the availability of funds.

Account information is provided in convenient and easy -to - read sections. Up -to -the minute transaction activity can be displayed, providing a list of all transactions. Dynamic transaction search is available as well, which can be downloaded (exported) into popular commercial accounting software.

Enhanced BusinessAccess 24 provides sophisticated and flexible funds management capabilities that allow specifically authorized customer employees to make controlled disbursements, transfers, and payments including the creating and transfer of ACH files, internal and external transfers, and treasury, tax and loan payments. Enhanced BusinessAccess 24 has administrative features that offer the commercial customer flexible management of employee rights in multiple - user environments. Employees can be set up with access options, review requirements, time -of -day access, password control, and more. There is a tiered monthly fee for the two different BusinessAccess 24 programs.

Solvay Bank is the largest 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com


SOLVAY BANK INCREASES CASH DIVIDENDS
Monday, June 24, 2002

June 24, 2002: The Board of Directors of Solvay Bank Corp. have declared a second quarter dividend of $.22 per share. The dividend is payable on July 19, 2002 to shareholders of record on July 1, 2002. Total dividends declared in 2002 of $.44 per share, reflect a 22.2% increase over dividends paid in the first and second quarters of 2001.

Solvay Bank is the oldest independent commercial bank headquartered 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com.


SOLVAY BANK CORP. ANNOUNCES RECORD EARNINGS
Monday, April 22, 2002

The Board of Directors of Solvay Bank Corp., the holding company for Solvay Bank, declared on March 19, 2002, a first quarter   dividend of $.22 per share payable to shareholders of record on April 1, 2002. The dividend represents a 22.2% increase over 2001's first quarter dividend of $.18 per share.

Total assets grew to a record $377.9 million at March 31, 2002, compared to $354.6 million last year for an increase of $23.4 million or 6.6%. Total loans also reached an all - time high of $273.8 million, up $18.5 million or 7.2%. Total deposits were $345.0 million, increasing $20.2 million or 6.2%. Net income per share was $.98 per share compared to $.81 per share last year.

Solvay Bank is the oldest independent commercial bank headquartered 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse, and Westvale. The Solvay Bank Web site can be reached at www.solvaybank.com.


SOLVAY BANK CORP. ANNOUNCES 4TH QUARTER DIVIDEND
Wednesday, January 02, 2002

The Board of Directors of Solvay Bank Corp. declared on December 18, 2001 a fourth quarter dividend of $.26 per share. The dividend is payable on January 18, 2002 to shareholders of record on January 2, 2002. Thd dividends declared in 2001 of $.80 per share reflect a 21.2% increase over the dividends declared in 2000, as adjusted for the four -for -one stock split in the form of a 300% stock dividend issued May 19, 2000.

Solvay Bank is the oldest independent commercial bank headquartered 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 five branches conveniently located in Fairmount, Camillus, North Syracuse, downtown Syracuse and Westvale. The Solvay Bank websire can be reached at www.solvaybank.com.