Chemung Financial Corp is a bank holding firm. The company through its wholly-owned subsidiaries provides financial services, including demand, savings and time deposits, commercial, residential and consumer loans, letters of credit, wealth management services, employee benefit plans, securities and insurance brokerage services. Its business operations are organized into two segments, Core Banking and Wealth Management Group. It derives most of its revenues from the interest and fees on loans and investment securities. It derives most of its revenues through the interest income on loans and investment securities.