Form 8-K - Current report
July 15 2024 - 4:15PM
Edgar (US Regulatory)
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0000763563
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2024-07-15
2024-07-15
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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 15, 2024 (July 15, 2024)
CHEMUNG FINANCIAL CORPORATION
(Exact name of registrant as specified
in its charter)
New York |
|
001-35741 |
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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 |
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Name of exchange on which
registered |
Common stock, par value $0.01 per share |
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CHMG |
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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. ☐
On July 15, 2024, Chemung Financial Corporation
(“the Corporation”) announced that Chemung Canal Trust Company (“the Bank”), the wholly-owned subsidiary of the
Corporation, intends to consolidate its Ithaca, New York branch located at 806 Buffalo Street, Ithaca, New York into its nearby 304 Elmira
Road, Ithaca, New York branch. The Corporation has received the required approvals from the New York State Department of Financial Services
(“NYSDFS”) and the Federal Reserve Bank of New York (“FRBNY”).
The press release is furnished as Exhibit
99.1 to this report.
|
ITEM 9.01 |
FINANCIAL STATEMENTS AND EXHIBITS |
(d) Exhibits
Exhibit No.
|
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.
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CHEMUNG FINANCIAL CORPORATION |
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|
|
|
|
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July 15, 2024 |
By: |
/s/ Dale
M. McKim, III |
|
|
Dale M. McKim, III |
|
|
Chief Financial Officer and Treasurer |
Exhibit 99.1
![](https://www.sec.gov/Archives/edgar/data/763563/000117184324003952/prlogo.jpg)
For Immediate Release:
July 15, 2024
Contact:
Scott T. Heffner
Senior Vice President
Director of Marketing
stheffner@chemungcanal.com
CHEMUNG CANAL ANNOUNCES UPCOMING
CONSOLIDATION OF THE ITHACA STATION OFFICE
Chemung Canal Trust Company (CCTC) today announced that it will be consolidating its office
located at 806 West Buffalo Street into its Elmira Road Office at 304 Elmira Road. CCTC reported that employment will not be affected,
and all staff will transfer to its other nearby locations.
In addition to the Elmira Road Office, the bank also operates a full-service office in Community
Corners on Hanshaw Road. Additionally, customers may continue utilizing the Bank’s many digital banking channels to access their
accounts 24/7, including Mobile Banking, Web Banking, ATMs and Telephone Banking.
The Ithaca Station Office will officially consolidate on November 15, 2024. Customers of the
office will receive direct communications from the bank regarding details of the transition.
“This decision, which was not made lightly, is part of our strategy to adapt to the evolving
needs of our customers while remaining deeply committed to Ithaca and Tompkins County,” said Anders M. Tomson, President and CEO.
“We understand the significant role this office has played in the community’s history and its sentimental value to our customers
and the community,” Tomson added. “As custodians of this historically important landmark, we look forward to transferring
the property to a new use, which will contribute to the history and vibrancy of this great community.”
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.
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