ELMIRA, N.Y., May 18, 2017 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (Nasdaq:CHMG) announced today that
its Board of Directors has approved a quarterly cash dividend of $0.26 per share, payable on July 3, 2017 to common stock
shareholders of record as of the close of business on June 19, 2017.
Chemung Financial Corporation is a $1.7 billion financial services holding company headquartered in Elmira, New
York and operates 33 retail offices through its principal subsidiary, Chemung Canal Trust Company, 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,
and Chemung Risk Management, Inc., a captive insurance company based in the State of Nevada.
This press release may be found at www.chemungcanal.com
Michael J. Wayne Senior Vice President (607) 737-3762 Mwayne@chemungcanal.com
