CHMG Chemung Financial Corporation

 

UNITED STATES OF AMERICA

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 11, 2024 (July 9, 2024)

 

CHEMUNG FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

New York		001-35741		16-1237038
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification No.)

 

One Chemung Canal Plaza, Elmira, NY 14901

(Address of principal executive offices) (Zip Code)

 

(607) 737-3711

(Registrant’s telephone number, including area code)

 

Securities registered pursuant to Section 12(b) of the Exchange Act:

 

Title of each class		Trading symbol		Name of exchange on which registered
Common stock, par value $0.01 per share		CHMG		Nasdaq Stock Market LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.16e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

ITEM 8.01

OTHER ITEMS

 

On July 9, 2024, Chemung Financial Corporation (“the Corporation”) announced that Chemung Canal Trust Company (“the Bank”), a wholly-owned subsidiary of the Corporation, plans to expand its operations in Western New York with a new office located at 5529 Main Street, Williamsville, New York. The new branch will operate as a regional banking center as Canal Bank, a division of Chemung Canal Trust Company.

 

The press release is furnished as Exhibits 99.1 to this report.

 

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

 

(d)       Exhibits

 

	Exhibit No.
	99.1	Press Release of Chemung Canal Trust Company dated July 9, 2024.
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

		CHEMUNG FINANCIAL CORPORATION
July 11, 2024	By:	/s/ Dale M. McKim, III
		Dale M. McKim, III
		Chief Financial Officer and Treasurer

 

 

 

 

 

 

Exhibit 99.1

 

 

 

For Immediate Release

July 9, 2024

 

Contact:

Scott T. Heffner

Senior Vice President

Director of Marketing

stheffner@chemungcanal.com

 

 

CANAL BANK ANNOUNCES PLANS TO OPEN IN WILLIAMSVILLE

 

 

WILLIAMSVILLE, NY – Chemung Canal Trust Company, headquartered in Elmira, NY today announced its plans for continued growth and partnership in Western New York with the upcoming opening of Canal Bank, a division of Chemung Canal Trust Company. The new office, located at 5529 Main Street in Williamsville, will operate as a regional banking center serving families, individuals, and businesses.

 

“I am pleased to announce that the Bank will be opening its second office in Erie County later this year,” said Anders M. Tomson, President & CEO of Chemung Canal Trust Company. “Buffalo, along with its surrounding communities, makes up the largest market in all of Upstate New York, and we are excited to expand our reach of professional and personal banking services to the region.”

 

“When we enter new communities, our commitment is to the people who live, work, and run businesses there,” Tomson said. “This commitment is why we have remained Capital Bank in the Capital Region and are now joining the Greater Buffalo community as Canal Bank. It’s not about us; it’s about the community. Our approach isn’t to say, ‘look at us and what we can do,’ but rather, ‘how can we tailor and personalize our services to best meet your needs?’”

 

Additionally, Tomson introduced Vincent M. Cutrona, who will serve as Canal Bank’s President when the office opens. Cutrona brings more than 25 years of banking experience to Canal Bank, most recently working for Uniland Development Company in Amherst as the Director of Capital Markets. Prior to his time with Uniland, Cutrona worked in the commercial banking division of Evans Bank in Williamsville for over 15 years.

 

“We are really excited to begin supporting this great community,” said Cutrona. “Chemung Canal Trust Company has a 190-year history of growth and resilience, as well as a strong legacy of hard work and commitment. When I think of the families and businesses we will serve here in Western New York, I see many similarities to the legacy of the Bank.”

 

The Canal Bank branch will open early in the fall season, and construction continues on the building. For ongoing updates, please visit gocanalbank.com.

 

 

Chemung Canal Trust Company, headquartered in Elmira, NY, is a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally owned and managed community bank in New York State.

 

The Bank currently operates 31 branches throughout New York and Pennsylvania, including seven branches in the Capital Region that operate as Capital Bank.

 

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Cover	Jul. 09, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jul. 09, 2024
Entity File Number	001-35741
Entity Registrant Name	CHEMUNG FINANCIAL CORPORATION
Entity Central Index Key	0000763563
Entity Tax Identification Number	16-1237038
Entity Incorporation, State or Country Code	NY
Entity Address, Address Line One	One Chemung Canal Plaza
Entity Address, City or Town	Elmira
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14901
City Area Code	(607)
Local Phone Number	737-3711
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	CHMG
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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