Harold L. Kahn Retires from Boards of ES Bancshares, Inc. and Empire State Bank
March 23, 2012 at 01:25 pm EDT
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On March 20, 2012, the Boards of Directors of ES Bancshares, Inc. and its wholly owned subsidiary, Empire State Bank received notification from Mr. Harold L. Kahn, a director of the company and the bank, of Mr. Kahn's intention to retire from the Boards of the company and the bank. Mr. Kahn is retiring for personal reasons which are unrelated to the company and the bank. Mr. Kahn's retirement was effective on March 20, 2012.
ES Bancshares, Inc. serves as the holding company for Empire State Bank (the Bank). The Bank is a New York state chartered bank and provides a variety of financial services to meet the needs of communities in its market area. The Bankâs principal business is attracting commercial and retail deposits in New York and investing those deposits primarily in loans, consisting of commercial real estate loans, and other commercial loans, including small business administration (SBA) and mortgage loans secured by one-to-four-family residences. In addition, the Bank invests in mortgage-backed securities (MBS), securities issued by the United States government and agencies thereof, corporate securities and other investments. The Bank operates from its five banking center locations and two Loan Production offices. The Bankâs loan production offices are located in Queens and Staten Island, New York. The Bankâs subsidiaries include Iron Creek LLC and North Plank Realty II Inc.
ES BANCSHARES, INC. 