SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

March 17, 2008
     

Commission file number:
0-13888
     

CHEMUNG FINANCIAL CORPORATION
 (Exact name of Registrant as specified in its charter)
     

New York
(State or other jurisdiction of

incorporation or organization)

  

16-123703-8
(I.R.S. Employer

Identification No.)
     

One Chemung Canal Plaza, Elmira, NY 14901
 (Address of principal executive offices) (Zip Code)

(607) 737-3711
(Registrant's telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     

o

Pre-commencement communications pursuant to Rule 14d-2(B) under the Exchange Act (17 CFR 240.14d-2(b))
     

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     

 

 

 

ITEM 2.01.

COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS

On March 17, 2008, Chemung Canal Trust Company, subsidiary bank of Chemung Financial Corporation, completed its purchase of three M&T Bank branches located in Broome and Tioga Counties. The purchase consisted of approximately $65 million of deposits and $11 million in loans.

A press release dated March 17, 2008 announcing the completion of the purchase is included as Exhibit 99.1 to this report.

 

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS
   

(d)

Exhibits
   
 

Exhibit No.

  
 

99.1

Press Release dated March 17, 2008 announcing the

completion of the purchase of three branches from

M&T Bank.
   

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
   
 

CHEMUNG FINANCIAL CORPORATION
   
   

March 17, 2008

By: Ronald M. Bentley
 

 

Ronald M. Bentley
 

President & Chief Executive Officer