<SEC-DOCUMENT>0001171843-20-000781.txt : 20200206
<SEC-HEADER>0001171843-20-000781.hdr.sgml : 20200206
<ACCEPTANCE-DATETIME>20200206170012
ACCESSION NUMBER:		0001171843-20-000781
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200204
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200206
DATE AS OF CHANGE:		20200206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEMUNG FINANCIAL CORP
		CENTRAL INDEX KEY:			0000763563
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				161237038
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35741
		FILM NUMBER:		20583435

	BUSINESS ADDRESS:	
		STREET 1:		ONE CHEMUNG CANAL PLZ
		STREET 2:		P O BOX 1522
		CITY:			ELMIRA
		STATE:			NY
		ZIP:			14902
		BUSINESS PHONE:		6077373711

	MAIL ADDRESS:	
		STREET 1:		ONE CHEMUNG CANAL PLZ
		STREET 2:		P O BOX 1522
		CITY:			ELMIRA
		STATE:			NY
		ZIP:			14902
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_020620.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<p style="margin: 0"></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 6.5in; border-bottom: Black 0.5pt solid">&nbsp;</p>

<p style="font-size: 10pt; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">UNITED STATES OF AMERICA</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">SECURITIES AND EXCHANGE COMMISSION</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">FORM 8-K</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">CURRENT REPORT</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">Date of Report (Date of earliest event reported): February 6, 2020
(February 4, 2020)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">CHEMUNG FINANCIAL CORPORATION</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">(Exact name of registrant as specified in its charter)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 33%; font-size: 10pt; text-align: center">New York</td><td style="padding-bottom: 1pt; text-align: center; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; width: 33%; font-size: 10pt">0-13888</td><td style="padding-bottom: 1pt; text-align: center; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center; width: 32%; font-size: 10pt">16-1237038</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-align: center">(State or other jurisdiction</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">(Commission File Number)</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">(IRS Employer</td></tr>
<tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">of incorporation)</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="text-align: center; font-size: 10pt">&nbsp;</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">Identification No.)</td></tr>
</table>


<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><u>One Chemung Canal Plaza, Elmira, NY 14901</u></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices) (Zip Code)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><u>(607) 737-3711</u></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0">(Registrant&rsquo;s telephone number, including area code)</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Exchange Act:</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; width: 33%; font-size: 10pt; text-align: center">Title of each class</td><td style="padding-bottom: 1pt; text-align: center; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 33%; font-size: 10pt; text-align: center">Trading symbol</td><td style="padding-bottom: 1pt; text-align: center; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; width: 32%; font-size: 10pt; text-align: center">Name of exchange on which registered</td></tr>
<tr style="vertical-align: bottom">
    <td style="text-align: center; font-size: 10pt">Common stock, par value $0.01 per share</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="text-align: center; font-size: 10pt">CHMG</td><td style="text-align: center; font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: center">Nasdaq Stock Market LLC</td></tr>
</table>


<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">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:</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0; text-indent: 0.5in">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.16e-4(c))</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2).
Emerging growth company [ ]</p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant has elected
not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. [ ]</p>

<p style="margin: 0pt 0; font-size: 10pt">&nbsp;</p>

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<td style="width: 0"></td><td style="width: 85.5pt"><b>Item 8.01</b></td><td style="text-align: justify"><b>Other Events</b></td></tr></table>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">Chemung Financial Corporation&rsquo;s (the &ldquo;Corporation&rdquo;)
wholly owned subsidiary, Chemung Canal Trust Company (the &ldquo;Bank&rdquo;), filed a law-suit against Pioneer Bank, Albany, New
York, in the Supreme Court of the State of New York in the County of Albany on February 4, 2020. As disclosed in the Corporation&rsquo;s
September 12, 2019 Form 8-K, the Bank owns a participating interest totaling $4.2 million in an approximately $36.0 million commercial
credit facility on which the borrower defaulted due to fraudulent activity. The Bank&rsquo;s complaint alleges that Pioneer Bank,
as lead bank, breached the participation agreement and engaged in fraud and negligent misrepresentation. The Bank seeks to recover
$4.2 million and additional damages as a result of purchasing the participation interest.</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="margin: 0pt 0 0pt 0.5in; font-size: 10pt; text-align: justify; text-indent: 0.5in"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"></p>

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<p style="margin: 0pt 0; font-size: 10pt; text-align: center">SIGNATURES</p>

<p style="font-size: 10pt; text-align: center; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">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, hereunto duly authorized.</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-indent: 2in">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">CHEMUNG FINANCIAL CORPORATION</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: bold">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: bold">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="width: 50%; font-size: 10pt; padding-bottom: 1pt">February 6, 2020</td><td style="width: 1%; font-size: 10pt; padding-bottom: 1pt">&nbsp;</td>
    <td style="width: 49%; font-size: 10pt; text-align: left; padding-bottom: 1pt">By: <u>/s/ Karl F. Krebs&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; font-weight: bold">&nbsp;</td><td>&nbsp;</td>
    <td style="text-align: left">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-indent: 2in">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">Karl F. Krebs</td></tr>
<tr style="vertical-align: bottom">
    <td style="font-size: 10pt; text-indent: 2in">&nbsp;</td><td style="font-size: 10pt">&nbsp;</td>
    <td style="font-size: 10pt; text-align: left">Chief Financial Officer and Treasurer</td></tr>
</table>


<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="margin: 0pt 0; font-size: 10pt; text-align: justify"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</p>

<p style="font-size: 10pt; text-align: justify; margin: 0pt 0"><b>&nbsp;</b></p>

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</SEC-DOCUMENT>
