DELHI BANK CORP ANNOUNCES INCREASE IN CASH DIVIDEND

FOR IMMEDIATE RELEASE DELHI BANK CORP. ANNOUNCES 33% INCREASE IN QUARTERLY CASH DIVIDEND DELHI, N.Y., September 22, 2004 - Delhi Bank Corp. (PINKSHEETS: DWNX.PK), The Delhi Bank Corp. Board of Directors declared a third quarter 2004 cash dividend of $0.20 per share at a meeting held on September 21, 2004. This quarterly cash dividend represents a 33% increase over the $0.15 per share declared for the quarters ending June and March 2004. The dividend will be paid on or about October 15, 2004 to shareholders of record as of the close of business on September 30, 2004. Delhi Bank Corp. is a New York Chartered bank holding company headquartered in Delhi, New York. As of June 30, 2004, Delhi Bank Corp. had assets of $159.2 million and Stockholders' equity of $14.1 million. CONTACT: Delhi Bank Corp. Robert W. Armstrong, Treasurer (607) 746-0700