Banking Rates & News

Elmira Metro Area

Including Addison, Arkport, Bath, Big Flats, Blossburg, Canisteo, Corning, Elkland, Elmira, Elmira Heights, and 16 other towns.

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Banking in the Elmira Area

Elmira is a city that sits in south central New York. This city has a long history that includes Native American settlements, prisoner of war camps during the Civil War, and being a major railroad city. More recently, the city is booming with manufacturing. It is home to branches of companies like the Anchor Glass Container Corporation, CAF-USA Inc., Elmira Heat Treating, Hardinge Inc., Hilliard Corporation, Kennedy Valve, and Trayer Products. With so much manufacturing happening in this city, there needs to be a banking industry that can keep up. And in Elmira, there is. The individuals and families who call Elmira home, as well as visitors for historical tourism or business, will find every banking need met.

The Elmira area is home to several banks. There are seven banks and 10 credit unions that have their headquarters located in Elmira, New York. Of these banks and credit unions, the following are some of the most notable - Citizens & Northern Bank, Chemung Canal Trust, First Citizens Community Bank, Elmira Savings Bank, and Corning Credit Union. The Chemung Canal Trust is actually the oldest bank in the Elmira, New York area. The Trust is over 150 years old, having been established in 1833. Overall, counting institutions operating in the area that are headquartered elsewhere, there are about 14 banks and 13 credit unions, with approximately 120 branches in the Elmira area.

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Local Deals & News

Empower Federal Credit Union (NY) 30-Month Share CD Rate Shoots Up
Deal Summary: 30-month Share Certificate, 5.30% APY ($100k), 5.25% APY ($500). Availability: Eight Western and Central New York counties. Following a 225 bps increase at the beginning of the month,
12 Month CD @ 5%
Requires a checking account to receive this rate.
6% APY 3-Month Share Certificates & Iras [Upstate New York]
6% CD. Not too shabby even though the term is short. Dividend Rate = 5.83% Annual Percentage Yield = 6.00% 3 month term Minimum deposit $500 (all 7 tiers) https://www.empowerfcu.com/Member-Center/Tools-Education/Rates
M&T Bank Extends $150 and $250 Bonuses Through July 31, 2022
Deal Summary: $150 or $250 bonus when opening a new checking account and establishing direct deposit now through July 31, 2022. Availability: Market area includes CT, DE, FL, MA, ME,
M&T Bank Offers $150 and $250 Checking Account Bonuses
Deal Summary: $150 or $250 bonus when opening a new checking account and establishing direct deposit now through April 30, 2022. Availability: Market area includes CT, DE, MD, NJ, NY,
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