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Chemung Financial Corporation

Chemung Financial Corporation (CHMG) is a publicly traded company based in the United States. It is a financial holding company that provides a range of financial services primarily to individuals, businesses, and municipalities in the Southern Tier region of New York State. The company's subsidiaries include Chemung Canal Trust Company, a full-service community bank, and several other financial services companies.

Chemung Financial Corporation's common stock is listed on the NASDAQ Global Select Market under the ticker symbol CHMG. As of February 2023, the company has a market capitalization of approximately $430 million USD.

The company has a long history, having been founded in 1833 as the Elmira Savings Bank. Today, Chemung Financial Corporation operates through a network of 32 full-service offices and over 50 ATMs.

The company's financial performance has been solid in recent years, with steady growth in assets, loans, and earnings. In 2022, the company reported net income of $23.6 million, up from $22.2 million in 2021.

Overall, Chemung Financial Corporation is a well-established financial institution with a strong presence in its local market. Its financial performance and long-term growth prospects make it an attractive investment option for those interested in the financial sector. However, as with any investment, it's important to conduct thorough research and consider seeking advice from a financial advisor.