ELMA - Elmer Bancorp Inc. Announces Appointment of John E. Rafter to the Board of Directors

ELMER BANCORP, INC. (“Elmer Bancorp”) (OTC Pink: ELMA), the parent company of The First National Bank of Elmer, announces the Directors’ appointment of John E. Rafter, CPA to the Boards of Elmer Bancorp and The First National Bank of Elmer.

Mr. Rafter is a CPA and is a partner and co-founder of the CPA firm Rafter, Lewis & Associates, LLC and a partner and co-founder of Rafter Lewis Financial Advisors LLC, a financial advisory firm. Mr. Rafter is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants, the Pennsylvania Institute of Certified Public Accountants and holds Series 7 and 66 securities licenses. John graduated from Drexel University with a Bachelor of Science degree in accounting. He resides with his wife Barb in Moorestown.

The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

For more information about Elmer Bank and its products and services, please visit our website at www.ElmerBank.com or call toll free 1-877-358-8141.

Forward-Looking Statements

This press release and other statements made from time to time by the Company’s management contain express and implied statements relating to our future financial condition, results of operations, credit quality, corporate objectives, and other financial and business matters, which are considered forward-looking statements. These forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from those expected or implied by such forward-looking statements. Risks and uncertainties which could cause our actual results to differ materially and adversely from such forward-looking statements include economic conditions affecting the financial industry: changes in interest rates and shape of the yield curve, credit risk associated with our lending activities, risks relating to our market area, significant real estate collateral and the real estate market, operating, legal and regulatory risk, fiscal and monetary policy, economic, political and competitive forces affecting our business, our ability to identify and address cyber-security risks, and management’s analysis of these risks and factors being incorrect, and/or the strategies developed to address them being unsuccessful. Any statements made that are not historical facts should be considered forward-looking statements. You should not place undue reliance on any forward-looking statements. We undertake no obligation to update forward-looking statements or to make any public announcement when we consider forward-looking statements to no longer be accurate because of new information of future events, except as may be required by applicable law or regulation.

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