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Chemung Canal Trust Company completed its conversion from a New York-chartered trust company to a national bank on October 1, 2026, after receiving approval from the Office of the Comptroller of the Currency (OCC). Its current post-conversion legal name is Chemung Canal Trust Company, National Association. The filing says it remains the same corporate entity in the same structure.
What changed when Chemung Canal Trust Company became a national bank?
The change was to the bank’s charter and regulator. It is now a national bank subject to OCC supervision, regulation, and examination, rather than a New York-chartered trust company. The SEC filing reports a completed charter conversion, not a merger or sale.
| Before the conversion | After the conversion |
|---|---|
| New York-chartered trust company | National bank |
| State charter | OCC supervision, regulation, and examination |
| Chemung Canal Trust Company | Chemung Canal Trust Company, National Association |
| Corporate entity and structure | Same corporate entity and structure, according to the filing |
The OCC issued Bulletin 2026-4, “National Bank Chartering: Final Rule,” on February 27, 2026; the rule took effect April 1, 2026. It clarified that national banks limited to trust-company operations and related activities may conduct non-fiduciary activities as well as fiduciary activities. The OCC said the rule did not expand or contract its chartering authority. This is general regulatory context, not evidence that the bulletin caused or specifically adjudicated Chemung’s conversion.
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Sources: SEC filing and OCC Bulletin 2026-4.
When did the conversion happen?
- April 3, 2026: Chemung Canal Trust Company filed an application with the OCC to convert from a New York-chartered trust company to a national bank. The application was still subject to approval when described in the company’s April 7 Form 8-K.
- October 1, 2026: The company reported that the OCC had approved the conversion and that it was complete.
The company’s filing reports OCC approval, but the individual OCC approval decision or application record is not identified here. The OCC bulletin is not the specific approval instrument for this conversion.
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Source: SEC filing.
Is the Canal Bank & Trust name already in use?
No. On October 1, Chemung Financial Corporation separately announced plans to unify the Chemung Canal, Capital Bank, and Canal Bank brands under Canal Bank & Trust, N.A. The company said it would introduce the name and logo in the coming months and roll out the change across its footprint through 2027. That is a future brand plan, distinct from the current post-conversion legal name, Chemung Canal Trust Company, National Association.
Jeffrey P. Kenefick, Regional President of Chemung Canal Trust Company, said the proposed name refers to the waterway after which the bank was named: “The Bank was founded shortly after the opening of the Chemung Canal, the Bank’s namesake and an important waterway that helped connect communities and commerce.”
Source: Chemung Financial Corporation’s brand announcement.
Do customers need to take action?
The company said customers need take no action. According to its October 1 announcement, existing accounts, checks, debit cards, online and mobile banking, loan payments, products, and services continue as usual.
Source: Chemung Financial Corporation’s brand announcement.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the company says about the bank
In its October 1, 2026 release, Chemung Financial Corporation described itself as a $2.8 billion company operating 30 offices through Chemung Canal Trust Company, and said the bank was established in 1833. These are company-reported figures, not independently verified here. The company also calls it “the oldest locally owned and managed community bank in New York State” and describes its history as “nearly 200 years”; those are company characterizations.
CEO Anders M. Tomson said: “For nearly 200 years, our organization has grown while staying true to the principles that have defined us for generations: personal service, local decision-making, trusted relationships and a deep commitment to the communities we serve.”
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Source: Chemung Canal Trust Company conversion announcement.
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