FOR IMMEDIATE RELEASE
DELHI BANK CORP.
ANNOUNCES MANAGEMENT SUCCESSION PLAN
Delhi, New York -- August 31, 2004. Delhi Bank Corp. (Pink Sheets: DWNX) today announced the promotion of Mr. Eric Efthimiou to the position of Vice President and Senior Lender of The Delaware National Bank of Delhi, effective February 1, 2005.
Mr. Efthimiou will be replacing the current Vice President and Senior Lender, David A. Avery, who will be retiring on January 31, 2005.
Mr. Efthimiou came to The Delaware National Bank of Delhi in 2000 and assumed the position of Vice President of Operations. Prior to joining The Delaware National Bank of Delhi he was employed by Tioga State Bank where he held the positions of Operations and Finance Division Manager and Credit Services Division Manager. Eric also served on the Board of Directors of Tioga State Bank.
Eric resides in Delhi with his wife and their four children. He enjoys a variety of seasonal outdoor activities with his friends and family.
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.
Timothy C. Townsend, President
(607) 746-0700