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Elmira Savings Bank (ESBK) in New York has promoted Thomas Carr to become its president. Carr, 44, will remain chief operating officer, a role he has held since 2005.
April 23 -
Elmira Savings Bank (ESBK) in New York is scaling back its involvement in the Treasury Department's small-business lending fund.
April 4 -
Central Valley Community Bancorp in Fresno, Calif., has redeemed $7 million of preferred stock issued to the Treasury Department under the Small Business Lending Fund.
January 2
Elmira Savings Bank (ESBK) in Elmira, N.Y., has redeemed the remaining $3.5 million of preferred stock issued to the Treasury Department through the Small Business Lending Fund.
"We are pleased to redeem these outstanding preferred shares, exiting the SBLF program, and reducing our dividend payments to preferred shareholders," Thomas Carr, Elmira's president and chief operating officer, said in a press release.
The SBLF was formed under the Small Business Jobs Act in 2010 to encourage community banks to lend to small businesses.
The $514 million-asset Elmira originally issued $14 million of preferred stock to the Treasury. It
The Treasury had invested $3.9 billion in 281 banks as of June 30, 2013.
