Bank holding company providing banking and financial services through its subsidiary, Chemung Canal Trust Company.
Chemung Financial Corporation serves as the holding company for Chemung Canal Trust Company, a prominent provider of diverse financial services. Established in 1833 and headquartered in Elmira, New York, the company offers a comprehensive range of banking solutions, financing options, fiduciary services, and other financial products. Its banking services encompass a variety of deposit accounts, including demand, savings, and time deposits, alongside non-interest and interest-bearing checking accounts, and insured money market accounts.
The company's lending activities focus on commercial and agricultural sectors, catering to small to mid-sized businesses with commercial mortgage loans, residential mortgage loans, and consumer loans such as home equity lines of credit and term loans. Chemung Financial Corporation also engages in interest rate swaps and offers letters of credit, further complemented by comprehensive wealth management services, employee benefit plans, mutual funds, insurance products, and brokerage services. Additionally, the corporation extends securities, insurance, and tax preparation services to its clientele.
As a fiduciary, Chemung Financial Corporation provides guardian, custodian, and trustee services, and acts as an agent for pension, profit-sharing, and other employee benefit trusts. The company's commitment extends to offering various investment, pension, estate planning, and employee benefit administrative services, ensuring holistic financial support to its customers. With a rich history spanning nearly two centuries, Chemung Financial Corporation continues to uphold its legacy of financial stewardship and community engagement across the regions it serves.