Ambanc Holding Co., Inc. Holds Annual Meeting.Business Editors AMSTERDAM, N.Y.--(BUSINESS WIRE)--June 4, 2001 Ambanc Holding Co., Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AHCI) (the "Company") announced that its Annual Meeting of Stockholders was held Friday June 1, 2001. At the meeting Dr. Daniel J. Greco, Mr. John M. Lisicki, Mr. Charles S. Pedersen and Mr. John A. Tesiero, Jr. were reelected as directors. Stockholders also approved and ratified the Company's 2001 Stock Option Plan and the appointment of auditors. Ambanc Holding Co., Inc. is a unitary savings and loan savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. holding company. The Company's primary subsidiary, Mohawk Community Bank, serves customers in seventeen upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. offices, located in Montgomery, Fulton, Schenectady, Saratoga, Albany, Ostego, Chenango and Schoharie counties. The Bank's deposits are insured up to the maximum legal amount by the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). . |
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