Photo Release -- Chemung Canal Trust Company Appoints New Chief Financial
ELMIRA, N.Y., Oct. 17, 2013 (GLOBE NEWSWIRE) -- Chemung Canal Trust Company
(CCTC) announced today that Karl F. Krebs has joined the bank's management
team as Executive Vice President, Chief Financial Officer & Treasurer. Mr.
Krebs was also appointed Chief Financial Officer and Treasurer of Chemung
Financial Corporation (Nasdaq:CHMG), CCTC's parent company.
Karl F. Krebs
Karl F. Krebs
A photo accompanying this release is available at
Mr. Krebs, who has more than 30 years of banking experience, began his career
in 1982 and most recently served as Executive Vice President & Chief Financial
Officer of Financial Institutions Inc./Five Star Bank, in Warsaw, NY.
"We are excited to have Karl join our executive management team," said Ronald
M. Bentley, President & Chief Executive Officer of Chemung Canal Trust
Company. "The depth and breadth of his banking experience will have a positive
impact on our management team and we look forward to his contributions towards
the future success of our organization," Bentley added.
Krebs earned a BS in Accounting from Canisius College and an MBA, with a
concentration in Finance and Accounting, from the State University of New York
at Buffalo. He is a Board Member of the Buffalo Museum of Science and a past
member of the Board of Trustees of the New York State Bankers Retirement
System, where he also served on the group's Investment Committee.
During his banking career he has held management positions at: Goldome Bank,
Key Corp, National City and HSBC before joining Financial Institutions/Five
Chemung Canal Trust Company currently operates 23 full-service banking offices
in Broome, Chemung, Schuyler, Steuben, Tioga and Tompkins counties in New York
and Bradford County in Pennsylvania. CCTC also operates 5 full service banking
offices under the name Capital Bank, a division of Chemung Canal Trust
Company, in Albany & Saratoga counties.On November 22^nd, CCTC is expected to
complete the acquisition of six Bank of America banking centers in Central,
NY, expanding Chemung Canal's presence in Tompkins County, while entering new
markets in Cayuga, Cortland and Seneca counties.
At June 30^th Chemung Financial Corporation reported total assets of $1.3
billion and $1.8 billion of assets under management or administration within
the bank's Wealth Management Division.
Chemung Canal Trust Company, headquartered in Elmira, NY, is a full-service
community bank with full trust powers. Established in 1833, Chemung Canal
Trust Company is the oldest locally-owned and managed community bank in New
York State. Chemung Financial Corporation is also the parent of CFS Group,
Inc., a financial services subsidiary offering non-traditional services
including mutual funds, annuities, brokerage services, tax preparation
services and insurance. CFS Group, Inc. was founded in 2001.
This press release may be found at: www.chemungcanal.com.
Media Note: Photo Attached: Karl F. Krebs
CONTACT: Michael J. Wayne
Senior Vice President
Chemung Financial Corporation Logo
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