Chemung Financial Corp - Common Stock (CHMG)
Frequently Asked Questions About Chemung Financial Corp - Common Stock (CHMG)
Does Chemung Financial Corp offer investment services?
Yes, Chemung Financial Corp offers investment services through its wealth management division, providing customers with access to financial planning, investment management, and retirement planning services. This division aims to help clients achieve their financial goals through tailored investment strategies and professional guidance.
How can customers open an account with Chemung Financial Corp?
Customers looking to open an account with Chemung Financial Corp can do so by visiting one of its branch locations or by applying online through the company's website. The account opening process typically requires identification, proof of residence, and may vary depending on the type of account being opened.
How does Chemung Financial Corp ensure customer security?
Chemung Financial Corp prioritizes customer security by implementing robust encryption technologies, regular software updates, and employee training in cybersecurity. The company also encourages customers to adopt best practices for online banking and offers fraud monitoring services to protect against unauthorized access to accounts.
How does Chemung Financial Corp handle loan applications?
To handle loan applications, Chemung Financial Corp encourages prospective borrowers to reach out to their local branch or apply online via their website. The application process typically includes providing financial information, documentation for credit assessment, and may involve discussions with lending officers to determine suitable loan products.
How does Chemung Financial Corp support its community?
Chemung Financial Corp actively supports its community through various initiatives such as local sponsorships, charitable contributions, and community development programs. The company encourages its employees to engage in volunteer activities, which helps strengthen its ties to the region and enhances its commitment to social responsibility.
Is Chemung Financial Corp publicly traded?
Yes, Chemung Financial Corp is publicly traded on the NASDAQ stock exchange under the ticker symbol CHMG. As a publicly traded entity, it provides transparency to its shareholders and adheres to the regulations and reporting requirements set forth by the Securities and Exchange Commission.
What are the hours of operation for Chemung Financial Corp branches?
Chemung Financial Corp branches generally operate on weekdays, with typical hours extending from 9 AM to 5 PM, although some locations may offer extended hours. Additionally, many branches are open on Saturdays, providing customers with greater flexibility to access banking services.
What does Chemung Financial Corp do?
Chemung Financial Corp is a bank holding company that primarily provides a range of banking and financial services through its subsidiaries. Its main subsidiary, Chemung Canal Trust Company, offers banking services, including personal and commercial loans, investment products, and trust services. The company aims to support both the financial goals of its customers and the economic development of the communities it serves.
What financial metrics are important for Chemung Financial Corp investors?
Investors typically monitor key financial metrics such as earnings per share (EPS), return on equity (ROE), net interest margin, and non-performing loans as indicators of Chemung Financial Corp's financial health and operational efficiency. These metrics provide insights into the company's profitability and risk management capabilities.
What is the competitive advantage of Chemung Financial Corp?
Chemung Financial Corp's competitive advantage lies in its long-standing history, deep community roots, and personalized banking approach. The company emphasizes building relationships with its customers, which enables it to tailor financial solutions to individual needs while fostering client loyalty and trust.
What is the future outlook for Chemung Financial Corp?
The future outlook for Chemung Financial Corp depends on various factors including economic conditions, interest rates, and regulatory changes. The company aims to continue expanding its customer base and product offerings while remaining adaptive to industry trends, thus positioning itself for sustainable growth and resilience in the financial sector.
What is the mission of Chemung Financial Corp?
The mission of Chemung Financial Corp is to provide personalized banking services that enhance the financial well-being of its customers and contribute to the overall growth of the communities it serves. The company emphasizes building long-lasting relationships with its clients by offering quality service and competitive financial products.
What is the significance of Chemung Financial Corp’s dividend policy?
Chemung Financial Corp is known for maintaining a consistent dividend policy, which is a crucial factor for investors seeking regular income from their investments. The company's commitment to paying dividends reflects its focus on delivering shareholder value and indicates confidence in its ongoing profitability and cash flow management.
What markets does Chemung Financial Corp serve?
Chemung Financial Corp primarily serves customers in the Southern Tier of New York and parts of Pennsylvania. The company focuses on regional banking, enabling it to understand the local economic environment and tailor its services to the needs of individuals and businesses in these communities.
What technology solutions does Chemung Financial Corp offer?
Chemung Financial Corp provides a range of technology solutions to enhance customer convenience and service, including online banking, mobile banking apps, and digital payment options. These tools allow customers to manage their finances remotely, access account information, and conduct transactions securely from their devices.
What types of services does Chemung Financial Corp offer?
The company provides a comprehensive array of services including personal banking, commercial banking, mortgage services, wealth management, and trust services. Customers can access checking and savings accounts, auto loans, business loans, and investment advisory services, thereby creating a one-stop shop for various financial needs.
When was Chemung Financial Corp founded?
Chemung Financial Corp was founded in 1833, making it one of the oldest banking institutions in New York. With a long history of providing banking services, the company has evolved over the years to adapt to changing market conditions and customer needs while maintaining a strong commitment to community banking.
Where is Chemung Financial Corp headquartered?
Chemung Financial Corp is headquartered in Elmira, New York. This location serves as the central hub from which the company manages its operations and oversees its branches, allowing it to maintain a strong presence in the local banking market and engage closely with the community.
Who are the key executives at Chemung Financial Corp?
The leadership team at Chemung Financial Corp includes experienced professionals with extensive backgrounds in banking and finance. The team is responsible for guiding the company's strategic direction, ensuring compliance with regulatory standards, and fostering a culture of excellence within the organization.
What is the current price of Chemung Financial Corp - Common Stock?
The current price of Chemung Financial Corp - Common Stock is 46.15
When was Chemung Financial Corp - Common Stock last traded?
The last trade of Chemung Financial Corp - Common Stock was at 4:00 pm EDT on June 5th, 2025
What is the market capitalization of Chemung Financial Corp - Common Stock?
The market capitalization of Chemung Financial Corp - Common Stock is 215.17M
How many shares of Chemung Financial Corp - Common Stock are outstanding?
Chemung Financial Corp - Common Stock has 4.66M shares outstanding.