Company Information

Get to know Chemung Canal Trust Company

Founded in 1833, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State. As a subsidiary of Chemung Financial Corporation (NASDAQ: CHMG), the company is committed to delivering personalized financial solutions and building long-term relationships within the communities it serves. Its offerings encompass personal and business banking, loans and mortgages, and comprehensive wealth management services, including trusts, investments, and financial planning, all while maintaining a focus on community involvement and development.

Industry

Financial BankingPRIMARY
Financial Other Service

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Chemung Canal Trust Company

United States

Founded in

01 Jan 1833 (193 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.