November 3, 2009

ELMIRA -- Chemung Financial Corporation released its third quarter earnings report Tuesday, and the numbers are down from last year.
     Chemung Financial president Ronald M. Bentley released a statement, which said earnings-per-share dropped by 25 cents.
     Overall, unaudited net income totaled $1.5 million, as opposed to $2.4 million a year ago.
     The company says loan losses, trust securities in the company investment portfolio, and one-time costs associated with buying Canton Bancorp were primarily to blame for this year's lower numbers.