Elmira repurchases $10 million 8.998% preferred shares at discount

By Wendy Van Sickle

Columbus, Ohio, Dec. 8 – Elmira Savings Bank repurchased $10 million liquidation value of its series A 8.998% preferred shares for a total purchase price of $9.4 million, according to a press release.

The preferreds were issued in 2007 and represented all of the bank’s outstanding preferred shares.

The bank is based in Elmira, N.Y.

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