Chemung Financial Corp
Ticker(s):
CHMG
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Sector & Industry:
Business Overview
Chemung Financial Corporation operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services. The company provides demand, savings, and time deposits; non-interest and interest-bearing checking accounts; and insured money market deposits. It also offers commercial and agricultural loans comprising loans to small to mid-sized businesses; commercial and residential mortgage loans; and consumer loans, including home equity lines of credit and home equity term loans, as well as automobile loans. In addition, the company provides interest rate swaps, letters of credit, employee benefit plans, insurance products, mutual fund, brokerage, and tax preparation services. Further, it offers guardian, custodian, trustee, investment, pension, estate planning, and employee benefit administrative services, as well as acts as an agent for pension, profit-sharing, and other employee benefit trusts. Chemung Financial Corporation was founded in 1833 and is based in Elmira, New York.
Contact & Other Information
Number of Employees:
343
Website:
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Thomas W. Wirth, Executive Vice President of Chemung Financial Corporation, will retire in the third quarter of 2025 due to health reasons.
02/21/2025 | 8-K | 0001171843-25-001006 |Chemung Financial Corporation discusses its strategies and recent financial performance in investor meetings, highlighting key takeaways such as strength in underlying businesses, a stable deposit base, solid credit quality, and contiguous geographic expansion, with fourth quarter 2024 EPS at $1.24 and net income at $5.9M.