JOHNSON CITY — Chemung Canal Trust Company on Jan. 18 completed the closure of its branch office inside the Oakdale Mall in Johnson City and transitioned customer accounts to its Vestal office. Chemung Canal Trust said in a news release that no employees lost their jobs as a result of the office closing. The […]
JOHNSON CITY — Chemung Canal Trust Company on Jan. 18 completed the closure of its branch office inside the Oakdale Mall in Johnson City and transitioned customer accounts to its Vestal office.
Chemung Canal Trust said in a news release that no employees lost their jobs as a result of the office closing.
The bank first announced last October that it would close the Oakdale Mall branch in January when its lease expired. “The lease expiring was the definitive reason why we decided to close this branch,” Scott Heffner, VP of marketing at Chemung Canal Trust, said in an email response to a CNYBJ inquiry, asking if there was any other reason why the bank closed this office. The Johnson City branch had $20.4 million in deposits, as of June 30, 2018, according to FDIC statistics.
The Vestal branch, located at 100 Rano Blvd., features extended hours, which run from 8:30 a.m. to 4:30 p.m. Monday through Friday, and on Saturday from 9 a.m. to Noon. The Vestal office had$15.9 million in deposits, as of last June 30, per the FDIC.
Other Chemung Canal branches in the area include 127 Court St. in downtown Binghamton, as well as 1054 State Route 17C and 203 Main Street in Owego.
Chemung Canal Trust, which operates 34 branches, is a full-service community bank with full trust powers, and is a subsidiary of Chemung Financial Corp. (NASDAQ: CHMG), a $1.8 billion financial-services holding company headquartered in Elmira. Established in 1833, Chemung Canal Trust said it is the oldest locally owned and managed community bank in New York State.
Post
Share
Tweet
Print
Email
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
