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BusinessTimes Elmira Savings Bank now a part of Community Chamber Awards BizBriefs

Elmira Savings Bank now a part of Community Bank

By Julia Nagel

The three former Elmira Savings Banks in Ithaca have changed their maroon, gold and black logos to the red and white of Community Bank in recent days as a combination of two centuries-old banks has been completed. e $82.8 million cash acquisition of the Elmira Savings Bank by Community Bank N.A., rst announced in Oct. of 2021, was legally nalized in mid May. e 12 Elmira branches spread throughout the Finger Lakes Region—including three in the Ithaca area —are now o cially part of the 220+-location Community Bank network and are under the Community Bank N.A. moniker. e three converted area Elmira Savings bank branch locations are at 2300 Triphammer Road in the village of Lansing, and at 702 South Meadow Street and 602 West State Street in the city of Ithaca. ere was already a Community Bank location at 200 East Bu alo Street.

“We are pleased to welcome the customers and employees of Elmira to Community Bank. Over the past 150 years, Elmira has developed a culture dedicated to exceptional customer service and meeting the banking needs of its communities. Community Bank shares these same values and looks forward to the opportunity to continue to serve Elmira’s customers,” stated President and Chief Executive O cer of Community Bank System Mark E. Tryniski in a statement announcing the merge completion.

Not all of the former ESBs were maintained; according to the press release, eight branch locations were added to the Community Bank total as a result of the merger. Elmira Savings Bank Corning, Erwin, Moravia and Watkins Glen locations merged with nearby Community branches, according to a Community Bank site listing its newest branch locations. According to a New York State Department of Labor Worker Adjustment and Retraining Noti cation notice, 33 Community President employees will also be laid o and CEO Mark Trynski as a result of the acquisition. Community Bank, based in DeWitt, has locations spread throughout New England, New York and Pennsylvania and currently has more than $16.2 billion in nancial assets, placing it among the country's 125 largest banking institutions. ESB originally opened in 1826 in its namesake town, and has been in Ithaca for two decades. In 2007, ESB purchased two First Niagara Bank branches, increasing its Ithaca presence. Community Bank can also trace its origins to the nineteenth century; its predecessor, St. Lawrence County National Bank, was chartered in 1868. Julia Nagelis a reporter from e Cornell Daily Sun working on e Sun's summer fellowship at e Ithaca Times.

Chamber Awards

The Tompkins Chamber began celebrating its 125th Anniversary Year and honored outstanding businesses and individuals at its annual meeting and recognition awards ursday at Ithaca College. e Chamber was o cially established on December 24th, 1897, as the “Ithaca Businessman’s Association”. Since that time, the Chamber has undergone several name changes and numerous transitions to become the organization it is today. In 1916, the Association became the “Ithaca Board of Commerce, Inc.” and in 1925, became the “Ithaca Chamber of Commerce, Inc.” In 1973, the Chamber established the rst Conference & Visitors Bureau in Tompkins County. Finally, the Tompkins Chamber became the Tompkins County Chamber of Commerce in March of 1977 – and has held that name ever since. e following award winners were presented at the meeting:

• e Entrepreneur of the Year Award

will be awarded to the owners of Salt Point Brewing Company – Sarah and Chris Hesse, and Camilo Bohórquez. is group of entrepreneurs started out brewing beer at home, which evolved into a partnership and the initial Salt Point Brewing location at a small building near Rogues Harbor Inn in Lansing. Over the last two years, and despite major disruptions caused by the pandemic, Salt Point has expanded their business considerably, built a new location, and created a community hub in Lansing.

• e Not-for-Pro t of the Year Award

will go to the Paleontological Research Institution, known by most as PRI. PRI has been selected for their important work providing free resources and educational opportunities locally and nationally, and tireless e orts to educate about climate change. With its two venues, the Museum of the Earth and Cayuga Nature Center, PRI provides free educational outreach opportunities and programs, as well as national audiences online. PRI's latest endeavor, PRI has adapted to the virtual teaching environment by making events, workshops, and resources available for free online.

• e Distinguished Business of the

Year is Cayuga Health System. Cayuga Health, under the leadership of President & CEO Dr. Martin Stallone, has heroically led our community's healthcare response to the COVID-19 pandemic – including establishing new laboratory space, testing centers, vaccine sites, and managing their treatment capacity to support some of the best outcomes in the nation. While navigating these challenges, their team has also created unique partnerships and community investment strategies resulting in a mixed-use development at Ithaca’s Carpenter Park, and the redevelopment of a signi cant portion of the Shops at Ithaca Mall in Lansing.

• e Howard Cogan Tourism Award

is being awarded to the Finger Lakes Land Trust for their tireless advocacy and care for Tompkins County’s natural wonders, consistent e orts to preserve and enhance our outdoor recreation assets, and particularly for their work to preserve the Bell Station property in Lansing.

• e Noel Desch Key Person of the

Year Award is being awarded to Aly Evans for her work on the Tompkins Chamber Board of Directors, as a Chamber Ambassador, and in her leadership roles at several area nonpro t organizations. Aly’s impact on the community is noteworthy in her relatively short time here, including at Family Reading Partnership, Boyce ompson Institute, and most recently, as the Executive Director of Foodnet Meals on Wheels.