Financial Press Release

Elmer Bancorp, Inc. Announces Cash Dividend

ELMER, NEW JERSEY – October 3, 2022 – ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on October 3, 2022 in the amount of $0.20 per common share, payable on November 1, 2022 to shareholders of record as of the close of business on October 14, 2022.

Brian W. Jones, President and CEO of the Company stated, “While challenges remain in the current and emerging economic environment, the Board of Directors found it appropriate to provide the shareholders a return on their investment while remaining acutely aware of the continuing degree of uncertainty in the market.”

The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903.  We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full-service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey.  Deposits at The First National Bank of Elmer are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).

Cynthia L. Volk
Senior Vice President
Financial Officer