ES Bancshares, Inc. receives first installment of $268 thousand Employee Retention Tax Credit

From GlobeNewswire: 2025-05-20 14:59:00

ES Bancshares, Inc. received a $268 thousand check for the first installment of its Employee Retention Tax Credit. The company filed a claim with the IRS in 2023 for $1.2 million in credits for 2020 and 2021. The credits are for eligible businesses that paid qualified wages during the COVID-19 pandemic. The company expects to receive multiple installments throughout 2025 and 2026.

ES Bancshares, Inc. is the holding company for Empire State Bank, regulated by the Federal Reserve System. The Bank was organized in 2004 and converted to a New York State commercial bank charter in 2009. It primarily attracts deposits in New York and invests in loans and securities.

The Bank operates from five locations in Staten Island and offers information on its website. The release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For more information, contact Peggy Edwards, Corporate Secretary at (845) 451-7825.



Read more at GlobeNewswire: ES Bancshares, Inc. Announces the Receipt of the First