Effective January 20, 2021, the Boards of Directors (‘Directors’) of Chemung Financial Corporation (the ‘Corporation’), and its wholly-owned bank subsidiary, Chemung Canal Trust Company (the ‘Bank’), elected Raimundo C. Archibold, Jr., CFA. to serve as director of both the Corporation and the Bank. Mr. Archibold, of New York, NY, currently serves as the Managing Director of the Schwartz Heslin Group Inc., a firm located in Albany, NY that specializes in a blend of management consulting and investment banking. A graduate of the University of Dayton and Pace University, Mr. Archibold currently serves on the boards of the Capital District YMCA, The Daily Gazette, Proctors and the Albany Medical Center. He has also served on the Advisory Board of Chemung Canal Trust Company’s Capital Bank Division since 2018.