Delhi Bank Corp. announces cash dividend

FOR IMMEDIATE RELEASE DELHI BANK CORP. ANNOUNCES CASH DIVIDEND Delhi, New York -- March 18, 2004. Delhi Bank Corp. (Pink Sheets: DWNX) today announced that on March 10, 2004, the board of directors of the Company declared a $0.15 per share cash dividend on the Company's outstanding common stock. The cash dividend will be payable April 15, 2004 to stockholders of record as of March 31, 2004. Delhi Bank Corp. is a New York Chartered bank holding company headquartered in Delhi, New York. As of December 31, 2003, Delhi Bank Corp. had assets of $147.5 million and Stockholders' equity of $14.6 million. CONTACT: Delhi Bank Corp. Robert W. Armstrong, Treasurer (607) 746-0740