ELMIRA, N.Y. — Chemung Canal Trust Company announced that Karen R. Makowski, executive VP and chief risk officer, will be retiring on Jan. 2.
Makowski has worked at Chemung Canal Trust Company since November 2011.
During her 42-year banking career, Makowski, a native of Buffalo, has held executive positions at KeyBank, Wachovia, and SunTrust before helping to organize and serve as the inaugural CEO of Panther Community Bank, a Florida bank chartered in December 2007.
“Over the past 8 years Karen has been an integral part of our executive management team,” Anders M. Tomson, president and CEO of Chemung Canal Trust, said in a statement. “During her tenure, she has ably led our risk and client care efforts, and for part of her tenure she served as our Chief Administrative Officer. She created our Enterprise Risk Management Program, retooled our CanalCare (now Platinum Promise) efforts and was our lead executive in maintaining relationships with our federal and state regulators.”
Chemung Canal Trust was started in 1833 and says it is the oldest locally owned and managed community bank in New York state. It is the main subsidiary of Chemung Financial Corp. (NASDAQ: CHMG), a $1.8 billion financial services holding company headquartered in Elmira, which operates 33 branches.
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