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One Chemung Canal Plaza
Elmira, NY 14902

Chemung Canal Trust is headquartered in Elmira and is the 38th largest bank in the state of New York. It is also the 466th largest bank in the nation. It was established in 1833 and as of March of 2016, it had grown to 361 employees at 34 locations. Chemung Canal Trust has a B+ health rating.

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Capital Bank Division Of Chemung Canal 2%/$200 Rewards Checking Promotion - 9/20/2015

Available in the Albany, NY area only in branches of the Capital Bank division of Chemung Canal Trust. 2% rate guaranteed until 7/1/2016 on balances up to $25,000. Also comes with $200 bonus incentives for bill pay and direct deposit.  Eight signature-based debit card transactions, direct deposit and estatements required to avoid $10 monthly fee. New money only. Global Rewards Checking | Capital Bank, a division of Chemung Canal Trust Company – Albany, NY Capital Region

Reviews (2)

Great Bank!

Posted by: Dawlfayce | May 12, 2011

I used other banks before I used Chemung Canal, but I have never been happier. Every time I need to know my account balance, I just call, and the girls are very helpful. A few months back, I noticed some charges on my account that I didn't recognize. All I had to do was go fill out a simple form, and they took care of the rest, getting me my money back in my account. I also like how friendly and easy going through the drive-up is. The bank offers web banking which makes things more convenient. Also, they're all really nice when I take my dog through by giving him treats.

I Love This Bank!!!

I switched to using Chemung Canal as my bank after a bad experience with my last bank. The day I went to the bank, the workers were all very friendly and efficient. They helped me open a new checking account quickly and even gave me some starter checks until the box that I ordered came in. At Chemung Canal, they also offered me over draft protection, which I took, and it makes me feel a lot better about my account. Anytime I have noticed something on my statement that I don't understand, they take the time to explain it to me. I have also had a lot of luck in filing disputes with them and getting my money back. They're a great bank to deal with.


Health Grade Components

FDIC Certificate #597
Year Established1833
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD8.34%
Annual Interest Income$13.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$1.64B$1.58B
LoansQ1 2016vs Q1 2015$1.17B$1.13B
DepositsQ1 2016vs Q1 2015$1.44B$1.37B
Equity CapitalQ1 2016vs Q1 2015$136.5MM$131.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$14.5MM$13.9MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$15.6MM$12.0MM
Real Estate OwnedQ1 2016vs Q1 2015$1.6MM$2.5MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chemung Canal Trust Savings Account Rates

0.05%$25-Personal Savings

Chemung Canal Trust Money Market Rates

0.20%*$25k*-Prestige IMMA
OTHER TIERS: 0.05% Up to $25k
0.10%*$25k*-Money Market
OTHER TIERS: 0.05% $1k - $25k
0.10%*$25k*-IRA Money Market
OTHER TIERS: 0.05% $1k - $25k

Chemung Canal Trust Checking Account Rates

0.05%$1k-NOW Checking

Chemung Canal Trust CD Rates

0.90%$1k-60 Month CD
0.90%$1k-84 Month CD
0.55%$1k-48 Month CD
0.50%$25k-25 Month Special CD
0.50%$1k-36 Month CD
0.40%$1k-15 Month CD
0.35%$1k-10 Month Special CD
0.35%$1k-24 Month CD
0.35%$1k-30 Month CD
0.20%$1k-5 Month Special CD
0.20%$1k-12 Month CD
0.20%$1k-18 Month CD
0.10%$1k-6 Month CD
0.05%$2,500-7 - 89 Day CD
0.05%$1k-3 Month CD

Chemung Canal Trust IRA Rates

0.90%$1k-60 Month IRA
0.90%$1k-84 Month IRA
0.55%$1k-48 Month IRA
0.50%$25k-25 Month Special IRA
0.50%$1k-36 Month IRA
0.40%$1k-15 Month IRA
0.35%$1k-10 Month Special IRA
0.35%$1k-24 Month IRA
0.35%$1k-30 Month IRA
0.20%$100-18 Month Variable IRA
0.20%$1k-5 Month Special IRA
0.20%$1k-12 Month IRA
0.20%$1k-18 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-3 Month IRA

Chemung Canal Trust has 34 locations. Click to view all Chemung Canal Trust locations.