Chemung Financial Corporation
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Anders Tomson
- Full Time Employees
- 343
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- One Chemung Canal Plaza Elmira NY United States of America 14901
- IPO Date
- Jan 4, 1999
- CIK
- 0000763563
- Website
- chemungcanal.com
- Similar Companies
- Business
- Chemung Financial Corporation (Nasdaq: CHMG) is a bank holding company headquartered in Elmira, New York, and founded in 1833, that operates primarily through its subsidiary Chemung Canal Trust Company, the oldest locally owned and managed community bank in New York State. The company provides a comprehensive range of financial services, including demand, savings, and time deposits; non-interest and interest-bearing checking accounts; insured money market deposits; commercial, residential, and consumer loans; letters of credit; wealth management services; employee benefit plans; insurance products; mutual funds; and brokerage services, with its core banking segment generating the majority of revenue by attracting deposits from the general public and originating loans or investing in securities, complemented by wealth management and holding company operations. It maintains approximately 33 branches across 12 New York State counties and one Pennsylvania county, serving individuals, small to mid-sized businesses, and communities in the Twin Tiers, Southern Tier, Central New York, greater Albany area, and Western New York regions. Recent developments include the 2024 launch of Canal Bank, a new division that opened its first full-service office in Williamsville, New York, to expand commercial and retail banking into the Buffalo region; two quarterly cash dividend increases in 2025, resulting in a 9.7% cumulative rise to $0.34 per share payable in January 2026; and ongoing investments in digital banking enhancements such as online appointment scheduling, DocuSign integration, real-time alerts, contactless debit cards, and personal budgeting tools to improve customer experience.
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