Chemung Financial Corp Company Profile
Chemung Financial Corporation operates as the holding company for Chemung Canal Trust Company, which provides a range of banking, financing, fiduciary, and other financial services primarily in New York. It offers demand, savings, and time deposits; non-interest- and interest-bearing checking accounts; and insured money market accounts. The company also provides commercial and agricultural loans primarily consisting of loans to small to mid-sized businesses; commercial mortgage loans; residential mortgage loans; and consumer loans, including home equity lines of credit and home equity loans, as well as letters of credit. In addition, it offers wealth management services comprising services as executor and trustee under wills and agreements; and guardian, custodian, trustee, and agent for pension, profit-sharing, and other employee benefit trusts, as well as various investment, pension, estate planning, and employee benefit administrative services. Further, the company offers mutual funds, securities and insurance brokerage, tax preparation, interest rate swaps, and other services. It operates through 34 branch offices located in 11 counties in New York and Bradford County in Pennsylvania. The company was founded in 1833 and is headquartered in Elmira, New York.