 Chemung Canal Trust Company in the former Lehigh Valley Railroad Station, Ithaca: built in 1898 | |
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1833 in the Chemung Canal Bank Building |
| Headquarters | One Chemung Canal Plaza, , |
| Website | Chemung Canal Trust Company official website |
Chemung Canal Trust Company is a New York State chartered trust company based in Elmira, New York. It was founded as a publicly traded bank in 1833. [1]
The first version of the bank was founded in 1833. [2] It was founded as a publicly traded bank in 1833 and originally housed in the Chemung Canal Bank Building. [1]
An Arnot became president of the bank in 1842. In 1873, his son Mattias Arnot became president, upon his father's death. In 1902, Arnot as president oversaw the consolidation of the Chemung Canal Bank with the Elmira Trust Company, creating the Chemung Canal Trust Company. [3]
In 1857, the Arnot family gained control of the bank and operated a private family bank until 1903, when the bank again became publicly owned. [1]
The bank moved to 129 East Water Street in 1920, and then to One Chemung Canal Plaza in 1971. [1] In 1951, the bank began expanding and opened branches throughout the Twin Tiers. [4]
In 2011, the bank acquired the Fort Orange Financial Corp. and its subsidiary Capital Bank & Trust Company of Albany, New York, expanding its network to the Albany area. [4] In 2011, Ronald Bentley was president and CEO of Chemung Financial, and it had 23 full branches and assets of $1 billion. [4] In June 2020, it had $1.5 billion in deposits, according to US federal data, and 25 locations. [2]
Chemung County is a county in the U.S. state of New York. The population was 84,148 as of the 2020 census. Its county seat is Elmira. Its name is derived from a Delaware Indian village whose name meant "big horn". The county is part of the Southern Tier region of the state.
Elmira is a city and the county seat of Chemung County, New York, United States. It is the principal city of the Elmira, New York, metropolitan statistical area, which encompasses Chemung County. The population was 26,523 at the 2020 census, down from 29,200 at the 2010 census, a decline of more than 7 percent.
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Marine Midland Bank was an American bank formerly headquartered in Buffalo, New York, with several hundred branches throughout the state of New York. In 1998, branches extended to Pennsylvania. It was acquired by HSBC in 1980, and changed its name to HSBC Bank USA in 1999. As a result of several transactions since the turn of the millennium, much of what was once Marine Midland is now part of KeyBank with the exception of Downstate New York and Pennsylvania, that is now part of Citizens Bank. Branches in Seattle are part of Cathay Bank.
Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003.
TD Banknorth, formerly Banknorth, was a wholly owned subsidiary of the Toronto-Dominion Bank which conducted banking and insurance activities, primarily serving the northeastern area of the United States, headquartered in Portland, Maine. The bank became TD Bank, N.A. on May 31, 2008.
Raymond James Morgan Keegan is the interim name of the former Morgan Keegan & Co. business units acquired by Raymond James Financial on April 2, 2012. The combined firms’ subsidiaries engage primarily in investment and financial planning, investment banking, fixed income products and asset management. The combined firms’ Fixed Income group is located in the former Morgan Keegan corporate headquarters in Memphis, Tennessee.
KeyBank, the primary subsidiary of KeyCorp, is an American regional bank headquartered in Cleveland, Ohio. Key ranked 449th on the 2022 Fortune 500 list based on its 2021 revenue. It is 25th on the list of largest banks in the United States.
The Chemung Canal is a former canal in New York, United States. The canal connected Seneca Lake at Watkins Glen to the Chemung River at Elmira, New York. It was planned to connect the Finger Lakes region and Pennsylvania's Susquehanna River watershed with New York's Erie Canal system. The latter connected the Great Lakes with the Hudson River and ultimately the Atlantic port of New York City.
The Junction Canal was a canal in the states of New York and Pennsylvania in the United States. The canal was also called the Arnot Canal, after the name of its principal stockholder, John Arnot of Elmira, New York.
Frederick Collin was an American lawyer and politician from New York.
Santander Bank, N. A. is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston, Massachusetts and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately 9,800 people. It offers an array of financial services and products, including retail banking, mortgages, corporate banking, cash management, credit card, capital markets, trust and wealth management, and insurance.
Trustco Bank is a commercial bank within the United States. Trustco was founded in Schenectady, New York in 1902 and is headquartered in Glenville, New York. Trustco has 145 branches spread among New York, Florida, Massachusetts, New Jersey, and Vermont. Trustco Bank is an Equal Housing Lender and an Insured member of the Federal Deposit Insurance Corporation. The company operates under the slogan, "Your Home Town Bank."
John Arnot Jr. was an American Civil War veteran, politician and a U.S. Representative from New York from 1883 until his death in 1886.
The parish of Trinity Church, Elmira, New York was founded in 1833. Trinity Church is a parish of the Chemung District of the Episcopal Diocese of Central New York, centered in Syracuse, New York. The present structure of Trinity Church is located at 304 North Main Street, Elmira, New York. Designed by architect Henry Dudley, the church was built from 1855 through 1858. It is significant for its Gothic Revival architecture. The church was listed on the National Register of Historic Places in 2007.
The Chemung Canal Bank Building is located at 415 East Water Street in Elmira, Chemung County, New York, United States. It is thought to be the oldest commercial building in Elmira. The Chemung Canal opened in 1832 and construction on the bank building began the same year. In 1833 the bank moved into the new building and the Chemung Canal Trust Company was chartered to deposit cash and supply capitol and credit. The building continued to house the bank for seventy-six years. For the following fifty-six years it was home to various local law offices. From 1976 forward, it has been owned by the Chemung County Historical Society. The building is significant for its period architecture and its place in the history of the area. It was named to the National Register of Historic Places in 1978.
The Chemung County Historical Society is headquartered in the historic Chemung Canal Bank Building in Elmira, New York. It is dedicated to the collection, preservation, and presentation of the history of the Chemung River Valley region. The society was founded in 1923 and first chartered by New York State in 1947. It is accredited by the American Alliance of Museums, and currently operates two cultural repositories, the Chemung Valley History Museum and the Booth Library, both as non-profit educational institutions.
William Maxwell was an American business executive and politician, president of Erie Railroad from 1842 to 1843.
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