CHEMUNG FINANCIAL CORPORATION (NASDAQ:CHMG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
On February 18, 2020, Bruce W. Boyea notified Chemung Financial Corporation and Chemung Canal Trust Company, a wholly owned subsidiary of Chemung Financial Corporation, that he would not stand for re-election to the Board of Directors. His term as director will end at the Annual Meeting in May, 2020.
About CHEMUNG FINANCIAL CORPORATION (NASDAQ:CHMG)
Chemung Financial Corporation is a bank holding company. The Company, through its subsidiaries, Chemung Canal Trust Company (the Bank) and CFS Group, Inc. (CFS), provides a range of banking, financing, fiduciary and other financial services to its clients. The Company manages its operations through two segments: core banking and Wealth Management Group (WMG). The core banking segment receives deposits from the general public and uses such funds to originate consumer, commercial, commercial real estate and residential mortgage loans, mainly in its local markets and to invest in securities. The WMG services segment provides trust and investment advisory services to clients. The Company’s financial services include demand, savings and time deposits, commercial, residential and consumer loans, interest rate swaps, letters of credit, wealth management services, employee benefit plans, insurance products, mutual funds and brokerage services.
