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.
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.