Fixed: A previous version of this article incorrectly interpreted the status of bank locations. The correct information has been updated to accurately reflect the WARN advisory.
BIG FLATS, NY (WETM) — More than two dozen employees at Elmira Savings Bank will soon be laid off following a merger with a Syracuse bank last fall.
The New York State Department of Labor filed a Worker Accommodation and Retraining (WARN) Notice on January 27, 2022, indicating that 33 employees between two banks will be laid off by early July. The “permanent separations” will begin May 13 and continue until July 7, according to the notice. In addition, the notice indicates that the employees are not represented by any union.
The two branches that will lose employees on July 7 are the downtown Elmira location at 333 E. Water Street and the Big Flats bank at 971 County Road 64.
Community Bank, NA of East Syracuse acquired Elmira Savings Bank in October 2021. The notice states that this acquisition is the reason for the layoffs.
When the merger was announced, Community Bank said it would offer expanded product offerings to Elmira Savings Bank customers, including no-closing-cost mortgages, no-hassle checksSMfree online and mobile banking and a full range of investment and financial services.
“By combining these two great organizations, we will be able to offer customers a broader branch network and an increased level of service, including robust digital and mobile banking offerings,” added the President and CEO. of Elmira Savings Bank, Thomas Carr.
NYSDOL’s full WARN advisory can be read below:
