StockWatch
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Major Banks
RegulatoryApr 7, 2026, 10:31 AM

Chemung Canal Trust Company Applies to Convert to National Bank

AI Summary

Chemung Canal Trust Company, a wholly-owned subsidiary of Chemung Financial Corporation, has filed an application with the Office of the Comptroller of the Currency (OCC) to convert from a New York chartered trust company to a national bank. The conversion is subject to approval by the OCC.

Key Highlights

  • Chemung Canal Trust Company filed application with OCC on April 3, 2026.
  • The conversion is subject to OCC approval.
  • The conversion would change the bank's regulatory oversight.