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Chemung Canal Trust Company executive DiFabio retires

By Eric Reinhardt (


Louis DiFabio (Photo credit: Chemung Financial Corp.)

ELMIRA, N.Y. — Louis DiFabio, executive VP and business client services division manager at Chemung Financial Corporation retired on Dec. 31 after 33 years of service.

DiFabio’s retirement had previously been announced internally at the company and through a filing with the Securities and Exchange Commission on Sept. 16 of last year.

Elmira–based Chemung Financial Corporation (NASDAQ: CHMG) is the parent company of Chemung Canal Trust Company.

DiFabio joined the bank in 1987 and was first elected an officer in 1991. He spent 15 years as a commercial-loan officer in the business client services division, before moving to the bank’s retail client services division as manager in 2004. DiFabio held that position through the middle of 2015, before taking over as manager of the business client services division.

In the community, DiFabio also served on the board of trustees of Arnot Health, and on many boards of directors, including the Chemung County Chamber of Commerce; the Community Foundation of Elmira, Corning, and the Finger Lakes; the United Way of the Southern Tier; the Elmira City Club; St. Joseph’s Healthcare Systems; and St. Joseph’s Hospital Foundation, to name a few.

“Lou has been an integral part of our executive management team, our company and our community,” Anders Tomson, president & CEO of Chemung Canal Trust Company. “At different times over his tenure, he skillfully led our retail client services and business client services divisions, and also spent a significant portion of his career working with local businesses as a commercial loan officer. Lou is a consummate professional, a strong mentor for our employees and a tremendous leader.”

About Chemung Financial

Chemung Financial is a $2.2 billion financial services holding company, which operates 30 retail-banking offices through its principal subsidiary, Chemung Canal Trust Company, a community bank with full trust powers.

Established in 1833, Chemung Canal Trust says it is the oldest locally owned and managed community bank in New York state.

Chemung Financial is also parent of CFS Group, Inc., a financial-services subsidiary offering nontraditional services including mutual funds, annuities, brokerage services, tax preparation services and insurance, and Chemung Risk Management, Inc., an insurance company based in Nevada.




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