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Spotlight Bank of the Week
About
spotlight bank

Spotlight Bank of the Week is a new feature that we are adding to our website and e-newsletter. It is an opportunity to promote anything about your organization, such as fun facts, organization news, special events, etc. The Spotlight Bank of the Week will be featured on our homepage slider, e-newsletter, and our social media platforms. To apply, just fill out our registration form and email it to Natalie Rowan at natalier@ibanys.net.

This opportunity is for member banks only. If you are not a member bank and wish to inquire about being our Spotlight Bank of the Week, please contact Linda Gregware at lindag@ibanys.net or at (518) 436-4646.

Spotlight Bank of the Week
chemung

Chemung Canal Trust Company (originally known as Chemung Canal Bank) is New York State’s oldest locally-owned and managed community bank. Chartered in 1833, the original bank was created to help manage the wealth and prosperity generated by the opening of the Chemung Canal (the waterway) which connected the Chemung River and Seneca Lake, opening a pathway for coal, lumber and agricultural products to reach the world through the NYS Canal system.

While the waterway closed in 1878, our financial institution continues-185 years later-managing financial wealth, meeting the banking needs of individuals, businesses and organizations, and stimulating local economies throughout the Southern Tier, Capital and Central regions of New York, as well as the Northern Tier of Pennsylvania.

In 1903 Chemung Canal was granted full trust powers and we have continued offering these services over the past 115 years. Currently, our Wealth Management Group oversees assets under management or administration with a market value of $1.89 billion.

The Grand Prix Festival celebrates the heritage of motor racing and is held annually in Watkins Glen, drawing in thousands of spectators to our area. Chemung Canal has been the major corporate sponsor for the past 18 years. We assist with the sponsorship, as well as have CCTC volunteers help out during the day.

“Building Relationships since 1833” is not just a tagline, it’s an operating philosophy that we believe sets us apart from our competition. It’s our effort to know our customer and tailor individualized financial solutions. We build our approach to banking around their needs-with a wide range of products and services, including checking; savings; personal, home and business loans; and many digital banking options such as online account opening, online loan applications, Web Banking and Mobile Banking, to name a few. A testament to our efforts is the fact that we continue to maintain banking relationships with descendants of our founding clients.

Chemung Canal has been the presenting sponsor of GlassFest–an annual celebration of glass and the fire arts held in Corning’s Gaffer District–for the past nine years. It’s a fun, family-friendly event we look forward to participating in every year!


Our Capital Bank division has been the title sponsor for the Ronald McDonald House of Albany’s annual Radiothon for the past seven years. The radiothon spans five radio stations and offers more than 25 hours of live broadcasts, as well as a day of family fun at Crossgates Mall. Our employees are involved in many activities starting with cooking breakfast at Ronald McDonald House the Friday morning of the radiothon. They then volunteer to answer phones and work the registration day throughout the day. In seven years, we’ve helped raise $1 million dollars!

As a community bank, we believe strongly in providing support, both personally and financially, to the people and organizations in the regions we serve. It’s our way of giving back and giving thanks to the many who make our region a special place to live and work.We are making a material, lasting and positive impact across our footprint because of our colleagues who commit so much of their time, talents and resources-volunteering to help those in need, endeavoring to enhance the quality of life of their fellow citizens. We also continue to engage in community forums, lead neighborhood organizations and dedicate countless hours of support to ensure no one is left behind.

Our Capital Bank division has been the title sponsor for the Ronald McDonald House of Albany’s annual Radiothon for the past seven years. The radiothon spans five radio stations and offers more than 25 hours of live broadcasts, as well as a day of family fun at Crossgates Mall. Our employees are involved in many activities starting with cooking breakfast at Ronald McDonald House the Friday morning of the radiothon. They then volunteer to answer phones and work the registration day throughout the day. In seven years, we’ve helped raise $1 million dollars!


Chemung Canal partners with Tompkins Chamber of Commerce for Movies in the Park-movies are shown on a massive inflatable screen at Ithaca’s Stewart Park overlooking Cayuga Lake every Friday night in August. This is another great family and community-oriented event!

Still headquartered in Elmira, NY, today Chemung Canal Trust Company, through our financial services holding company – Chemung Financial Corporation (Nasdaq: CHMG), is a $1.7 billion corporation, operating through 35 retail banking offices in 12 counties in upstate New York, and Bradford County in Pennsylvania. The holding company is also the parent of CFS Group, Inc., a financial services subsidiary offering non-traditional services, including mutual funds, annuities, brokerage services, tax preparation services and insurance; and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.

Many areas of the bank participated in United Way Day of Action by working with different organizations throughout Chemung and Steuben Counties to paint, do yardwork, pack meals and spend time with local children.

Employing a long-term planning approach and a strong community banking philosophy, we remain focused to our core principles, yet adaptable within an ever-changing banking landscape. We’ve proved that our success over the past 185 years has been to the benefit of all our constituencies: our shareholders, clients, colleagues and the communities we serve.

To learn more about Chemung Canal Trust Company and its products/services, please visit www.chemungcanal.com.

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