Chemung Financial Corp 8-K, filed Aug 20, 2020
Chemung Financial Corp (CHMG)
About this 8-K
Chemung Financial Corp filed this 8-K on August 20, 2020, reporting on events of August 18, 2020.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): August 20, 2020 (
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
(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 | ||
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:
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 EVENTS |
On August 18, 2020 and August 20, 2020, Chemung Financial Corporation (“the Corporation”) announced that Chemung Canal Trust Company (“the Bank”), the wholly-owned subsidiary of the Corporation, intends to consolidate two branches on or about November 20, 2020. The Big Flats, New York branch office at 437 Maple Street, Big Flats, NY 14814, will be consolidated into the nearby Arnot Road Office at 29 Arnot Road, Horseheads, NY 14845. The Owego, New York branch at 1054 state Route 17C, Owego, New York 13827, will be consolidated into the nearby Owego branch office at 203 Main Street, Owego, NY 13827.
The press releases are furnished as Exhibits 99.1 and 99.2 to this report.
| ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS |
| (d) | Exhibits | |
| Exhibit No. | ||
| 99.1 | Press Release of Chemung Canal Trust Company dated August 18, 2020. | |
| 99.2 | Press Release of Chemung Canal Trust Company dated August 20, 2020. | |
| 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 | |||
| August 20, 2020 | By: | /s/ Karl F. Krebs | |
| Karl F. Krebs | |||
| Chief Financial Officer and Treasurer | |||
Exhibit 99.1
For Immediate Release:
August 18, 2020
Chemung Canal Trust Company Announces
Upcoming Consolidation of Big Flats Office
Chemung Canal Trust Company (CCTC) today announced that it will be consolidating its office located at 437 Maple Street in Big Flats into its nearby Arnot Road Office at 29 Arnot Road, across from the Arnot Mall. The bank reported that no employees will lose their jobs as a result of the consolidation.
In addition to the Arnot Road Office, the bank operates offices in Horseheads, Elmira Heights, Elmira and Southport. 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 Big Flats Office, which has been closed since April 13 due to the COVID-19 pandemic, will remain closed until the official consolidation date of November 20, 2020. Customers of the office will receive communications from the bank regarding details of the transition.
Chemung Canal Trust Company, which operates 32 branch offices, is a full-service community bank with full trust powers, and is a subsidiary of Chemung Financial Corporation, a $2.0 billion financial services holding company headquartered in Elmira, New York. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation 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.
Contact:
Scott T. Heffner
Vice President
Director of Marketing
stheffner@chemungcanal.com
Exhibit 99.2
For Immediate Release:
August 20, 2020
Chemung Canal Trust Company Announces
Upcoming Consolidation of Owego Route 17-C Office
Chemung Canal Trust Company (CCTC) today announced that it will be consolidating its Owego office, located at 1057 Route 17-C, into its nearby Owego office at 203 W. Main Street. The bank reported that no employees will lose their jobs as a result of the closing.
Along with the Main Street office in Owego, Chemung Canal operates offices in Waverly, Vestal and Binghamton. Additionally, customers may continue utilizing the bank’s many electronic banking channels to access their accounts 24/7, including Mobile Banking, Web Banking, ATMs and Telephone Banking.
The Route 17-C Owego Office, which has been closed since April 13 due to the COVID-19 pandemic, will remain closed until the official consolidation date of November 20, 2020. Customers of the office will receive communications from the bank regarding details of the transition.
Chemung Canal Trust Company, which operates 32 branch offices, is a full-service community bank with full trust powers, and is a subsidiary of Chemung Financial Corporation, a $2.0 billion financial services holding company headquartered in Elmira, New York. Established in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. Chemung Financial Corporation 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.
Contact:
Scott T. Heffner
Vice President
Director of Marketing
stheffner@chemungcanal.com