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Chemung Financial Corp (CHMG.OQ)

CHMG.OQ on NASDAQ Stock Exchange Global Select Market

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Summary

Name Age Since Current Position

David Dalrymple

66 2006 Independent Chairman of the Board

Anders Tomson

53 2016 President, Chief Executive Officer, Director

Karl Krebs

63 2013 Chief Financial Officer, Treasurer

Daniel Fariello

43 2018 President of Capital Bank, a division of Chemung Canal Trust Company

Loren Cole

47 2018 Executive Vice President, Chief Information Officer

Peter Cosgrove

59 2020 Executive Vice President, Chief Risk Officer, Chief Credit Officer

Kimberly Hazelton

52 2016 Executive Vice President of Retail Client Services of the Bank

Thomas Wirth

54 2015 Executive Vice President - Wealth Management Group of the Bank

Louis DiFabio

56 2015 Vice President

Ronald Bentley

67 2019 Director

Jeffrey Streeter

52 2018 Director

Larry Becker

80 2011 Independent Director

David Buicko

66 2018 Independent Director

Robert Dalrymple

69 1995 Independent Director

Denise Gonick

53 2018 Independent Director

Stephen Lounsberry

66 1995 Independent Director

Richard Swan

71 1984 Independent Director

G. Thomas Tranter

65 2014 Independent Director

Thomas Tyrrell

69 2014 Independent Director

Kathy McKillip

2012 IR Contact Officer

Biographies

Name Description

David Dalrymple

Mr. David J. Dalrymple serves as Independent Chairman of the Board of the Company. He has served as a director since 1993, and is currently Chairman of the respective Boards of the Company and the Bank. He is the President of Dalrymple Gravel and Contracting, a company specializing in producing construction materials for highway construction. Mr. Dalrymple is the brother of Robert H. Dalrymple, also a director of the Company. Qualifications to serve on the Board include over three decades of experience in business ownership, financial planning experience, and strong managerial and organizational skills.

Anders Tomson

Mr. Anders M. Tomson serves as President, Chief Executive Officer, Director of the Company. He has been appointed as Chief Executive Officer effective December 31, 2016. He currently serves as the President of Capital Bank, a division of Chemung Canal Trust Company. He has served in that position since Chemung Canal acquired Capital Bank in April 2011. For the immediate future he will continue to serve as Division President. Chemung Canal's offices in Albany and Saratoga counties operate under the name Capital Bank. A graduate of Cornell University, he brings an extensive background in commercial and real estate lending to the bank. Prior to joining Chemung Canal, he served as Senior Vice President and Commercial Real Estate Division Executive for RBS Citizens Bank, Senior Vice President of the Community Preservation Corporation and Senior Vice President of Conley Realty Associates, Ltd. Active within the community, Mr. Tomson currently serves as the Chairman of the Capital City Housing Corp, Chairman of the Visiting Nurses Association of Albany, a Director of the Community Preservation Corporation and a member of the Albany Medical Center Development Committee.

Karl Krebs

Mr. Karl Francis Krebs serves as Chief Financial Officer, Treasurer of the Company. He is Executive Vice President, Chief Financial Officer and Treasurer of the Corporation’s wholly owned subsidiary, Chemung Canal Trust Company, effective October 16, 2013. Mr. Krebs, who has more than 30 years of banking experience. Mr. Krebs served as Executive Vice President and Chief Financial Officer of Financial Institutions, Inc. in Warsaw, New York from 2009 to 2013. Prior to Financial Institutions, Inc., Mr. Krebs served as Senior Financial Specialist at West Valley Environmental Services, LLC in 2009 and President of Robar General Funding Corp., a mortgage and construction loan broker, from 2006 to 2008. Krebs earned a BS in Accounting from Canisius College and an MBA, with a concentration in Finance and Accounting, from the State University of New York at Buffalo. He is a Board Member of the Buffalo Museum of Science and a past member of the Board of Trustees of the New York State Bankers Retirement System, where he also served on the group's Investment Committee.

Daniel Fariello

Mr. Daniel D. Fariello serves as President of Capital Bank, a division of Chemung Canal Trust Company of the Company. Mr. Fariello has been with the Bank since 2013. Mr. Fariello is not an NEO.

Loren Cole

Mr. Loren D. Cole serves as Executive Vice President, Chief Information Officer of the Bank, a subsidiary of Company. Mr. Cole has been with the Bank since 2017. Mr. Cole in not an NEO.

Peter Cosgrove

Mr. Peter K. Cosgrove serves as Executive Vice President, Chief Risk Officer, Chief Credit Officer of the Company. Mr. Cosgrove has been with the Bank since August 2019. Mr. Cosgrove is not an NEO. He also severed Executive Vice President and Chief Credit Officer (8/2019 - 1/2020); Regional Sales Executive, East Region, at KeyBank (8/2016 - 3/2019); and Member Merger Integration Leadership Team at KeyBank (12/2015 - 3/2017).

Kimberly Hazelton

Mrs. Kimberly A. Hazelton serves as Executive Vice President of Retail Client Services of the Bank of the Company. Mrs. Hazelton is not an NEO. Hazelton was Chief Operations Officer (2014 - 2016) at Alternatives Federal Credit Union; Market President, Retail (2007 to 2013) at TD Bank. Mrs. Hazelton has been with the Bank since August 2016.

Thomas Wirth

Mr. Thomas W. Wirth serves as Executive Vice President - Wealth Management Group of the Bank a subsidiary of the Company. He joined the Bank in 1987. Within the Wealth Management Group he has held the positions of Senior Vice President and Chief Investment Officer since 2004, and Senior Investment Officer and Investment Services Manager from 1999 to 2004. Mr. Wirth is a Chartered Financial Analyst and earned his B.S. in Business Administration from Wake Forest University.

Louis DiFabio

Mr. Louis C. DiFabio is no longer serves as Vice President of the Company effective 12/31/2020. He was Executive Vice President - Retail Client Services of Chemung Canal Trust Company, a subsidiary of Chemung Financial Corporation. He is Executive Vice President of the Bank (2011) responsible for Retail Client Services; Senior Vice President of the Bank (2005). Mr. DiFabio has been with the Company since 1987.

Ronald Bentley

Mr. Ronald M. Bentley serves as Director of the Company. He served as a consultant of the Corporation and Bank. He served as the CEO of the Corporation and the Bank until December 2016 and previously as both the President and CEO of the Corporation and the Bank from April 2007 to July 2015. Prior to that, he was President and COO of the Bank from July 2006 to April 2007. Qualifications to serve on the Board include 35 years of experience in the banking industry, and leadership, management, strategic planning and organizational skills.

Jeffrey Streeter

Mr. Jeffrey B. Streeter serves as Director of the Company. Mr. Streeter is a graduate of St. Lawrence University and Penn State University and joined Streeter Associates in 1995. In 2002, he was named President and currently serves as the third generation of the family to lead the nearly seventy year old company, that specializes in general contracting, construction management, design build and construction management services, with a portfolio of completed projects for clients within the education, healthcare, manufacturing, municipal, commercial & retail, and sports & entertainment industries. Mr. Streeter currently serves on the Boards of: Southern Tier Economic Growth (STEG), Arnot Health, the Arctic League, the Chemung County Chamber of Commerce and the Associated General Contractors of New York State Building Board of Governors. He is a Past President and former Board Member of the Chemung County YMCA.

Larry Becker

Mr. Larry H. Becker CPA serves as Independent Director of the Company. He is Chief Operating Officer of Windsor Development Group, Inc., a regional full service real estate development company that specializes in the development, acquisition and management of supermarket-anchored properties. He has held this position since 1983. Prior to founding Windsor Development, Mr. Becker was a founding member of Teal, Becker & Chiaramonte CPAs, an accounting firm in the New York State Capital Region. Qualifications to serve on the Board include forty years of experience owning and managing various business entities in the Capital Region of New York State, experience in corporate finance and accounting, and his experience serving on the Board of Directors of Capital Bank & Trust Company.

David Buicko

Mr. David M. Buicko CPA serves as Independent Director of the Company. Mr. Buicko, a former Certified Public Accountant, has served in a variety of roles within the Galesi Group, since joining the company in 1982, including: Chief Financial Officer and Chief Operating Officer. In 2016 he was elected President & Chief Executive Officer. He is responsible for the day-to-day operations of all the company’s divisions, which includes 12 million square feet of office and industrial real estate and more than 11,000 apartment units. He also serves as President of Distribution Unlimited, Inc., one of the largest third-party logistics companies in the Northeast and is Chairman of the Board of Directors of Green Earth Technologies, a publicly traded company. A graduate of Siena College, Mr. Buicko is a Director and Past Chairman of the Center for Economic Growth and in 2013 was appointed by Governor Cuomo to serve on the Capital District’s Regional Economic Development Council.

Robert Dalrymple

Mr. Robert H. Dalrymple serves as Independent Director of the Company. Since 1994, he has been Secretary and Vice President of Dalrymple Holding Corporation, the parent company for several construction materials and highway construction companies. Mr. Dalrymple is the brother of David J. Dalrymple, also a director of the Company. Qualifications to serve on the Board include experience in all aspects of business ownership, strategic planning skills and financial management experience.

Denise Gonick

Ms. Denise V. Gonick serves as Independent Director of the Company. During her 22-year tenure at MVP Health Care, Ms. Gonick built the organization’s in-house legal and compliance departments, was promoted to General Counsel, Chief Administrative Officer, and became President of Operations. In 2012, she became President & CEO. She was responsible for initiating and completing two major acquisitions and led the transformation of MVP into a diversified health care company serving 700,000 members in New York and Vermont. Ms. Gonick is the immediate past chair of the Board of Directors of the Capital Region Chamber of Commerce and continues to serve on its executive and finance committees. She also serves on the boards of the Business Council of New York State, the Center for Economic Growth and Proctors Theatre. Additionally, she has been a member of the Capital Bank Advisory Board.

Stephen Lounsberry

Mr. Stephen M. Lounsberry III serves as Independent Director of the Company. He is President of Applied Technology Manufacturing, a manufacturer of machined industrial and railroad component parts, a position he has held since 1981. Qualifications to serve on the Board include experience in management, marketing, sales, operations, and strategic planning. He was also a commercial bank internal auditor and vice president of a community bank, through which he gained experience and knowledge of all aspects of banking.

Richard Swan

Mr. Richard W. Swan serves as Independent Director of the Company. He has served as Chairman of the Board of Swan & Sons-Morss Co., Inc., an insurance brokerage agency, since 2007 and was formerly President of Swan & Sons-Morss Co., Inc. from 1983 until 2007. Qualifications to serve on the Board include business management skills, sales experience and all aspects of business ownership.

G. Thomas Tranter

Mr. G. Thomas Tranter Jr. serves as Independent Director of the Company. Mr. Tranter is the President of Corning Enterprises, the collaborative arm of Corning, Inc. that aims to positively impact the economic, cultural, educational and social health of our region. Tranter joined Corning, Inc. in 2000 after serving ten years as Chemung County Executive, having been elected three times to that position. He previously served as Chemung County Deputy Executive, Horseheads Village Manager, and Executive Director of the Chemung/Schuyler Chapter of the American Red Cross. Mr. Tranter currently serves as co-chairman of the Southern Tier Regional Economic Council for New York State, is vice-chair of the New York State Business Council and vice-chair of Corning Hospital. He serves on the Board of Corning's Gaffer District, the Chemung County Industrial Development Agency and the Southern Tier Central Regional Planning & Development Board. He graduated with a Bachelor of Science from Elmira College, a Masters in professional studies from Alfred University and is a graduate of Cornell University's executive development program.

Thomas Tyrrell

Mr. Thomas R. Tyrrell serves as Independent Director of the Company. Mr. Tyrrell, He has served, since 2014, as Vice President of Rose & Kiernan, Inc., a general insurance agency in the North East. He was formerly Albany Area Chairman of Arthur J. Gallagher & Co., a company specializing in providing contract surety and property and casualty insurance and risk management products and services to the construction industry with particular emphasis on the heavy highway, bridge and general building construction disciplines. Qualifications to serve on the Board include business management skills, sales experience, business ownership experience and service on several Boards in the Albany area in the non-profit arena. In order to rebalance the number of directors in each class of directors, Mr. Tyrrell is resigning his current two-year term, and is a nominee for election for the Term expiring in 2018. He graduated with a Bachelor of Arts from the College of Holy Cross.

Kathy McKillip