On June 10, 2025, Chemung Financial Corporation, Elmira, New York, the holding company for Chemung Canal Trust Company, completed a private offering of $45.0 million of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035.

Chemung Canal Trust Company operates 30 retail offices in New York and Pennsylvania.

Luse Gorman served as legal counsel to Chemung Financial Corporation in the offering. The Luse Gorman team consisted of Benjamin Azoff, Ellie Cook, Greg Sobczak and Anahita Mohtasham.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.