Letter To Our Customers

I'm very pleased to report that USNY Bank has grown to $190 million in total assets as of March 31, 2014. Both Bank of the Finger Lakes and Bank of Cooperstown have seen continued growth in loans and deposits. This growth is the result of the efforts of our team of experienced bankers, community board members, and bank directors. Check out our bank websites at bankofthefingerlakes.com and bankofcooperstown.com.

We've been true to our original business plan...develop local deposits, provide you with solid customer service and make sound loans to individuals and businesses in our bank markets. Plus our strong capital ratios provide the financial strength you're looking for. In fact, Bauer Financial gives us a "Five Star" rating for our financial strength.

We've been awarded an "Outstanding" rating from the New York State Department of Financial Services for our Community Reinvestment Act performance and the "Bronze Award" for our active small business lending by the U.S. Small Business Administration for the second year in a row.

We are grateful for the positive response we've gotten from the public since we opened for business in 2007. Your referrals have been, and will continue to be, important to the success of the bank. Please tell your friends, neighbors, and business associates about us. We'll work hard to earn their confidence and exceed their customer service expectations.

Thanks again for your support. Call us or just stop in whenever you have any questions. Please feel free to give us your suggestions so we can better serve you.

Best wishes to you and your family.

R. Michael Briggs

President & CEO