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Chemung Financial shareholders re-elect board directors

By Journal Staff


ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), the holding company of Chemung Canal Trust Co. and CFS Group, Inc., announced that its shareholders have re-elected six members to the corporation’s board of directors.

Chemung Financial first made the announcement last Thursday during its annual shareholders’ meeting.

The shareholders re-elected Larry Becker, COO of Windsor Development Group, Inc. of Clifton Park, N.Y.; Bruce Boyea, chairman, president & CEO of Security Mutual Life Insurance Co. of New York in Binghamton; and Steven Lounsberry, III, president of Applied Technology Manufacturing of Owego.

The shareholders also re-elected Eugene Sneeringer, Jr., principal in the firm of Sneeringer Monahan Provost Redgrave Title Agency, Inc. of Albany; G. Thomas Tranter, Jr., president of Corning Enterprises of Corning; and Thomas Tyrrell, Albany–area chairman of Itasca, Ill.–based Arthur J. Gallagher & Co. (NYSE: AJG) , Chemung Financial said.

With the exception of Tyrrell, the shareholders re-elected each director to a three-year term.  They re-elected Tyrrell to a two-year term, the banking company said in a news release.

Lounsberry has served as a director since 1995. Becker, Boyea and Sneeringer have been members of the board since 2011 and Tranter and Tyrrell joined the board in February. 

All directors of Chemung Financial are also directors of Chemung Canal Trust Company.

Chemung Financial, headquartered in Elmira, was incorporated in 1985 as the parent holding company of Chemung Canal Trust.  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, a financial-services subsidiary offering non-traditional services such as mutual funds, annuities, brokerage services, and insurance.

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