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Chemung Canal Trust to close Towanda, Pennsylvania branch

By Journal Staff

Date:

Chemung Canal Trust Company Building in Elmira. (PHOTO CREDIT: CHEMUNG CANAL TRUST COMPANY FACEBOOK PROFILE)

TOWANDA, PA. — Elmira–based Chemung Canal Trust Company recently announced that it will be closing its branch office on Main Street in Towanda, Pennsylvania at the close of business on Thursday, April 30.

The bank says it expects to work closely with employees of the Towanda office, “in hopes of retaining them in other positions within the company.”

Customers of the branch to be closed will receive communications from the bank regarding details of the transition.

Chemung Canal Trust Company says it will continue to serve Bradford County, Pennsylvania with its offices located in Canton and Troy, as well as the nearby Waverly, N.Y. office, just over the Pennsylvania–New York border. Additionally, customers may continue utilizing the bank’s electronic-banking channels to access their accounts 24/7, including ATMs, web banking, mobile banking, and telephone banking, the bank said in a release. 

Chemung Canal Trust Company, which operates 33 branch offices, is a full-service community bank with full trust powers. It’s a subsidiary of Chemung Financial Corp. (NASDAQ: CHMG), a $1.8 billion financial-services holding company. 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 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, as well as Chemung Risk Management, Inc., an insurance company based in Nevada. 

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