Chemung Financial names Meade to board of directors

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has elected Joseph F. Meade IV to a seat on the board.

Meade will stand for shareholder election of a two-year term at the banking company’s annual meeting of shareholders in June 2023. All directors of Chemung Financial also serve on the board of its main subsidiary, Chemung Canal Trust Company.

Meade, of Hammondsport (Steuben County), currently serves as president and CEO of Mercury Corporation Inc., headquartered in Hammondsport. Mercury, which specializes in advanced-manufacturing solutions, also has locations in Minnesota and Mexico. A graduate of Alfred University and Purdue University, Meade currently serves on the boards of the Glenn Curtiss Museum, the Finger Lakes Boating Museum, the Ira Davenport Hospital Children’s Fund, the Mercury Aircraft Foundation, the Meade Foundation, and the Taylor Foundation.

“...Meade’s strong executive-level experience will provide immediate and impactful leadership to our company. I look forward to his contributions to our organization,” Anders M. Tomson, president and CEO of Chemung Financial and Chemung Canal Trust, said in a news release.

Chemung Financial is a $2.5 billion financial services holding company headquartered in Elmira, which operates 30 banking offices through Chemung Canal Trust, a full-service community bank with full trust powers. Established in 1833, Chemung Canal Trust Company is the oldest locally owned and managed community bank in New York state, the banking company says. Chemung Financial is also parent of CFS Group, Inc., a financial-services subsidiary offering non-traditional services including mutual funds, annuities, brokerage services, tax-preparation services and insurance, as well as Chemung Risk Management, Inc., an insurance company based in Nevada.