Chemung Financial adds Archibold to board

ELMIRA, N.Y. — The board of directors of Chemung Financial Corporation (NASDAQ: CHMG) elected Raimundo C. Archibold, Jr., to the board on Jan. 20. 

Archibold will stand for shareholder election at the annual meeting of shareholders in June, Chemung Financial said in a Jan. 25 news release. All directors of Chemung Financial also serve on the board of its main banking subsidiary, Chemung Canal Trust Company.

Archibold, of New York City, currently serves as the managing director of Schwartz Heslin Group, Inc., a firm located in Albany that specializes in a blend of management consulting and investment banking. He has been with Schwartz Heslin Group since 2010 and currently heads the firm’s investment- banking division. Archibold has more than 25 years of experience in equity research, where he mainly covered the technology and telecommunication sectors, per his biography on his company’s website. He has worked on more than 20 IPOs and mergers and acquisitions. Archibold’s experience includes work with JP Morgan Equity Research, where he was the lead analyst covering the IT services sector.

A graduate of the University of Dayton and Pace University, Archibold currently serves on the boards of the Capital District YMCA and other Albany–area organizations, including Albany Medical Center. He has also served on the advisory board of Chemung Canal Trust Company’s Capital Bank division since 2018. 

“Mr. Archibold’s deep experience as a financial executive will provide immediate and impactful leadership to our company. He will be a great fit for our Board of Directors, and I look forward to his contributions to our organization,” Anders Tomson, president and CEO of Chemung Financial and Chemung Canal Trust, said in the release.

Elmira–based Chemung Financial is a $2.3 billion financial services holding company that operates 30 banking offices through its principal subsidiary, Chemung Canal Trust Company, a community bank with full trust powers. Started in 1833, Chemung Canal Trust says it is the oldest locally-owned and managed community bank in New York.