EXHIBIT 99


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                                  PRESS RELEASE

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CNB Bancorp, Inc.
12-24 North Main Street
Gloversville, New York 12078

Contact:       William N. Smith, Chairman, President and Chief Executive Officer
               or George Morgan, Executive Vice President

Phone:    (518) 773-7911
FAX:      (518) 725-2730

FOR IMMEDIATE RELEASE

                   CNB BANCORP, INC. ANNOUNCES ACQUISITION OF
                  ADIRONDACK FINANCIAL SERVICES BANCORP, INC.,
                             GLOVERSVILLE, NEW YORK

Gloversville,  New York, January 25, 1999 - CNB Bancorp, Inc.,  headquartered in
Gloversville,  New York has  announced  plans to  acquire  Adirondack  Financial
Services Bancorp, Inc., Gloversville, New York. A definitive agreement of merger
has been reached  between the parties.  Completion of the transaction is subject
to approval by Adirondack's shareholders and regulatory authorities.  Completion
of the transaction is expected to occur in the second quarter of 1999.

Adirondack  is the parent  company  for  Gloversville  Federal  Savings and Loan
Association, which, in addition to its office in Gloversville, operates a branch
in Saratoga Springs, New York. Adirondack was formed in December 1997 to acquire
all the common stock of Gloversville  Federal Savings upon its conversion from a
mutual savings institution to a stock institution.  On April 6, 1998, Adirondack
completed its initial public offering.  The Gloversville Federal Savings charter
dates back to 1923.

CNB Bancorp is the parent  company  for City  National  Bank and Trust  Company,
which operates offices in the communities of Gloversville,  Perth, Johnstown and
Northville.  The company is highly  respected  with a history that dates back to
1887, and has total assets of approximately $250 million.

The terms of the acquisition  call for CNB Bancorp to pay $15 million in cash in
the  aggregate  for all of the  outstanding  shares of  Adirondack  (subject  to
possible   adjustment).   The  per  share  purchase  price  is  expected  to  be
approximately $21.88 per share at closing. The transaction will be accounted for
as a purchase.

CNB Bancorp is publicly traded on the  over-the-counter  market under the symbol
CNBB.  Adirondack  is publicly  traded on the over the counter  market under the
symbol AFSB.