March 25, 2021
SUPERINTENDENT LACEWELL ANNOUNCES DFS APPROVES NEW BANK BRANCH
Chemung Canal Trust Company to Open and Operate New Branch in the Town of Clarence, New York
Superintendent of Financial Services Linda A. Lacewell today announced that the New York State Department of Financial Services (DFS) has approved the application of Chemung Canal Trust Company to open and operate a new branch office in the Town of Clarence, Erie County.
“With the COVID-19 pandemic financially squeezing New Yorkers and Main Street businesses across the state, is it now more important than ever for consumers to have access to affordable and reliable financial services and products during a difficult time,” said Superintendent Lacewell. “Chemung Canal Trust Company now has DFS approval to serve local families and businesses as the greater Buffalo community works to rebuild and recover.”
With the new additional branch office, Chemung Canal Trust Company will operate 31 offices in New York. As of December 31, 2020, Chemung Canal Trust Company had total assets of $2.3 billion.
“We are excited that the bank will be entering the Western New York market in Clarence with a dedicated lending presence,” said Anders M. Tomson, President & Chief Executive Officer of Chemung Canal Trust Company. “Buffalo, along with its surrounding communities, makes up the largest market in all of Upstate New York, and we are excited to bring our brand of professional, personal and client-first lending services to the region. As a community bank, it is important to demonstrate our commitment to the area by supporting local organizations. We look forward to building upon this commitment and serving the individuals, families, and businesses of Clarence and the surrounding communities,” Tomson added.
The new Chemung Canal Trust Company branch would be open to the general public at 9159 Main Street, Suite 1B, Town of Clarence, Erie County, NY14031.