Chemung Financial Corporation

Chemung Financial Corporation is a bank holding company for Chemung Canal Trust Company. It offers a wide range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits, as well as non-interest and interest-bearing checking accounts and insured money market deposits. Its loan portfolio includes commercial and agricultural loans to small and mid-sized businesses, commercial and residential mortgage loans, and consumer loans such as home equity lines of credit, home equity term loans, and automobile loans. Additionally, it offers interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund and brokerage services, tax preparation services, and fiduciary services including guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services.

Chemung Financial Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol CHMG. Its securities are traded in United States Dollars (USD). The company is headquartered in Elmira, New York, and operates primarily in the United States.

Chemung Financial Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on providing banking and financial services to individuals and businesses in its local market areas, primarily in the region around Elmira, New York.

Chemung Financial Corporation is headquartered in Elmira, New York, United States. Founded in 1833, the company serves customers primarily in the local and regional markets of New York state. Through its subsidiary Chemung Canal Trust Company, it provides a full range of banking, financing, and fiduciary services to individuals, small to mid-sized businesses, and commercial clients in its service area.

Chemung Financial Corporation generates revenue primarily through its banking operations, including interest income from loans and investments, as well as non-interest income from fees and services. Its loan portfolio includes commercial and agricultural loans to small and mid-sized businesses, commercial and residential mortgage loans, and consumer loans such as home equity lines of credit and automobile loans. The company also earns fees from deposit accounts, such as checking and money market accounts, and from additional services like interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund and brokerage services, tax preparation, and fiduciary services including trustee, investment, and estate planning services.