Latest News

Chemung Financial Extends Share Repurchase Plan
November 17, 2011

Chemung Financial Corporation (OTCBB:CHMG) today announced that its Board of Directors approved the extension of the current stock repurchase plan until November 16, 2012.  Click here to read the full text of this press release.

Chemung Financial Reports 3rd Quarter and Year-to-Date Earnings
November 14, 2011

Chemung Financial Corporation today reported third quarter 2011 unaudited net income of $3.291 million compared to year-earlier results of $2.551 million, an increase of $740 thousand or 29.0%. Earnings per share for the quarter totaled $0.71, unchanged from a year ago on 1,035,115 additional average shares outstanding resulting principally from the Corporation’s acquisition of Fort Orange Financial Corp. (“FOFC”) and its banking subsidiary Capital Bank & Trust Company (“Capital Bank”) on April 8th of this year.  Click here to read the full text of this press release.

Chemung Financial Reports 2nd Quarter and Year-to-Date Earnings
August 19, 2011

Chemung Financial Corporation today reported second quarter 2011 unaudited net income of $2.620 million compared to year-earlier results of $2.503 million, an increase of $117 thousand. Earnings per share for the quarter totaled $0.57 as compared with $0.69 a year ago, a decrease of 17.4% on 1,026,724 additional average shares outstanding resulting from the Corporation’s acquisition of Fort Orange Financial Corp. (“FOFC”) and its banking subsidiary Capital Bank & Trust Company (“Capital Bank”) on April 8th of this year.  Click here to read the full text of this press release.

Two New Directors Join Chemung Financial Board
May 18, 2011

Chemung Financial Corporation, the holding company of Chemung Canal Trust Company and CFS Group, Inc., today announced that, as a result of the completion of the acquisition of Fort Orange Corp., two former Fort Orange Directors have been appointed Directors of the holding company and the bank.  Click here to read the full text of this press release.
 

Chemung Financial Reports First Quarter Earnings
April 27, 2011

Chemung Financial Corporation today reported first quarter 2011 unaudited net income of $1.665 million compared to year-earlier results of $2.000 million, a decrease of $335 thousand. Earnings per share for the quarter totaled $0.46 as compared with $0.55 a year ago, a decrease of 16.4%.  Click here to read the full text of this press release.

Chemung Financial Completes Acquisition of Albany Bank
April 11, 2011

Officials of Chemung Financial Corporation (“Chemung”), the holding company of Chemung Canal Trust Company today announced that the merger with Fort Orange Financial Corp., the holding company of Capital Bank, was completed on April 8, 2011 in a stock and cash transaction valued at $31.5 million, based upon Chemung’s closing stock price on that date.  Click here to read the full text of this press release.

Chemung Financial Acquisition of Albany (NY) Commercial Bank Moves Towards Completion
March 24, 2011

Officials of Chemung Financial Corporation (CHMG.OB), the holding company of Chemung Canal Trust Company (CCTC), and Fort Orange Financial Corp. (FOFC.OB), the holding company of Capital Bank & Trust Company (CB&T), today announced that the shareholders of both organizations have approved Chemung’s acquisition of Fort Orange Financial Corp.  Click here to read the full text of this press release.

New Director Appointed to Chemung Financial Board
March 21, 2011

Chemung Financial Corporation today announced that Bruce W. Boyea, of Binghamton, NY, has been appointed to the Board of Directors of Chemung Financial Corporation and Chemung Canal Trust Company.  Click here to read the full text of this press release.

CCTC Announces Executive Management Promotions
February 14, 2011

Chemung Canal Trust Company (CCTC) today announced that Richard G. Carr and Louis C. DiFabio have been promoted to Executive Vice Presidents of the 178-year-old financial institution, headquartered in downtown Elmira.  Click here to read the full text of this press release.

Chemung Financial Reports Record 2010 Earnings
February 2, 2011

Chemung Financial Corporation today reported fourth quarter 2010 unaudited net income of $3.048 million compared to $1.288 million in the fourth quarter of last year, an increase of $1.760 million.  Click here to read the full text of this press release.

Tomson Named President of Capital Bank
January 3, 2011

Chemung Financial Corporation (CHMG.OB) and Fort Orange Financial Corp. (FOFC.OB) today announced that effective January 1, 2011, Anders M. Tomson has been named President of Capital Bank.  Click here to read the full text of this press release.

Chemung Financial Extends Share Repurchase Plan
November 22, 2010

Chemung Financial Corporation (OTCBB:CHMG) today announced that its Board of Directors approved the extension of the current stock repurchase plan until November 16, 2011. The plan authorizes the purchase of up to 90,000 shares of the Company’s outstanding common stock, including those purchased during the first year of the Plan.  Click here to read the full text of this press release.

Chemung Financial Reports 3rd Quarter and Year-to-Date Earnings Increase
October 28, 2010

Chemung Financial Corporation today reported third quarter 2010 unaudited net income of $2.551 million compared to $1.516 million in the third quarter of last year, an increase of $1.035 million.  Click here to read the full text of this press release.

Chemung Financial to Acquire Albany (NY) Commercial Bank
October 15, 2010

Chemung Financial Corporation (CHMG.OB), the holding company of Chemung Canal Trust Company (CCTC), and Fort Orange Financial Corp. (FOFC.OB), the holding company of Capital Bank & Trust Company (CB&T), today announced they have executed a definitive merger agreement, which calls for Chemung Financial to purchase all of the outstanding shares of Fort Orange Financial Corp. in a stock and cash transaction valued at $29.3 million, based upon Chemung Financial's October 14, 2010 closing stock price.  Click here to read the full text of this press release.

Chemung Financial Reports 2nd Quarter and Year-to-Date Earnings Increase
July 26, 2010

Chemung Financial Corporation today reported second quarter 2010 unaudited net income of $2.503 million or $0.69 per share compared to $695 thousand or $0.19 per share in the second quarter of 2009.  Click here to read the full text of this press release.

Chemung Financial Reports First Quarter Earnings Increase
April 29, 2010

Chemung Financial Corporation today reported first quarter 2010 unaudited net income of $2.000 million, compared to year-earlier results of $1.734 million, an increase of $266 thousand.  Click here to read the full text of this press release.

Chemung Canal Trust Company Launches Private Banking Services
March 17, 2010

Chemung Canal Trust Company (CCTC) today announced that its Trust and Investment Division has expanded its menu of services to now include Private Banking.  Click here to read the full text of this press release.

Longtime Watkins Glen Banker Joins Chemung Canal Trust Company
March 8, 2010

Chemung Canal Trust Company (CCTC) today announced that Kenneth J. Wilson has accepted the position of Vice President of the Bank.  Click here to read the full text of this press release.

CCTC Announces Officer Promotions
March 1, 2010

Chemung Canal Trust Company (CCTC) today announced the recent promotion of Nancy J. Battersby, Deborah A. Cram and Michael S. Lares.  Click here to read the full text of this press release.

Chemung Financial Reports Fourth Quarter and Year End Earnings
February 2, 2010

Chemung Financial Corporation today reported fourth quarter 2009 unaudited net income of $1.288 million compared to $1.536 million in the fourth quarter of 2008.  Click here to read the full text of this press release.