Chemung Financial is a community bank holding company headquartered in Elmira, New York, operating primarily through its subsidiary Chemung Canal Trust Company, a bank founded in 1833 with roughly $2.7B in total assets. Chemung Financial serves individuals, families, and small-to-mid-sized businesses across upstate New York and northern Pennsylvania through 30 branch offices. The bank's core business is traditional community banking: it takes in deposits — targeting low-cost checking and savings accounts — and lends those funds out to local businesses and consumers via C&I loans, commercial mortgages, residential mortgages, and consumer loans. Net interest income, driven by the spread between deposit costs and loan and investment yields, is the primary revenue driver. Beyond lending, Chemung Financial operates a Wealth Management Group that provides trust, estate planning, and investment management services, managing or administering roughly $2.3B in assets and generating the bulk of non-interest income. The bank also offers brokerage, annuities, insurance, and tax preparation through a subsidiary called CFS. Chemung Canal holds a dominant 65% deposit share in its home Chemung County market, reflecting its nearly 200-year local presence, though share drops sharply in newer markets. The bank's growth strategy centers on geographic expansion, with recent entry into the Buffalo metro area under the Canal Bank brand, along with growing its wealth management business and diversifying fee income.