Press Release
Approval of Notice by ES Bancshares, Inc.
May 18, 2006

NEW YORK—The Federal Reserve Bank of New York Thursday approved the notice by ES Bancshares, Inc., Newburgh, New York to become a bank holding company with respect to Empire State Bank, National Association, Newburgh, New York.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.