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Chemung Financial elects new board member

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has elected Richard E. Forrestel, Jr., a business executive from Western New York, to its board of directors. Forrestel, who hails from Clarence in Erie County, currently serves as treasurer of Cold Spring Construction Company, based in Akron, which is […]

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Forrestel, who hails from Clarence in Erie County, currently serves as treasurer of Cold Spring Construction Company, based in Akron, which is also in Erie County. He has worked there since 1987. Forrestel manages and directs all accounting, financial and administrative functions for the regional road and bridge construction company, which specializes in complex highway projects, Chemung Financial said.

A graduate of Princeton University and the University of Michigan, Forrestel currently serves on the boards of Perry’s Ice Cream and Ford Gum, Inc., and until recently, served on the board of the Bank of Akron.

Forrestel will stand for shareholder election at Chemung Financial’s annual meeting of shareholders in May 2021. All directors of Chemung Financial also serve on the board of its main banking subsidiary, Chemung Canal Trust Company.

Jornal Staff