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Chemung Canal Trust Company to consolidate Owego offices

Chemung Canal Trust Company Building in Elmira (Photo credit: Chemung Canal Trust Facebook profile)

OWEGO, N.Y. — Chemung Canal Trust Company announced it plans to consolidate its Owego branch offices into one location at 203 W. Main St.

The other Owego office, located at 1057 Route 17-C, will close permanently, according to news release from the banking company.

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 Nov. 20 of this year. Chemung Canal Trust will contact customers of the Route 17-C office regarding details of the transition.

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No employees will lose their jobs as a result of the closing, the bank said.

About the banking company

Chemung Canal Trust, which operates 32 branch offices, is a community bank with trust powers. Established in 1833, Chemung Canal Trust is the oldest locally owned and managed community bank in New York.

It’s a subsidiary of Chemung Financial Corp. (NASDAQ: CHMG), a $2 billion financial-services holding company headquartered in Elmira. Chemung Financial is also 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., an insurance company based in Nevada.

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