---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-003862"
form_type: "8-K"
ticker: "CHMG"
cik: "0000763563"
company_name: "CHEMUNG FINANCIAL CORP"
filed_at: "2025-06-12T23:59:59+00:00"
generated_at: "2026-05-19T11:50:37.951529+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chemung Financial sells $242M securities at $17M pre-tax loss; issues $45M sub notes

## Summary
- Sold $242M available-for-sale securities (2.1% avg yield, ~3 yr avg life), realizing $17M pre-tax loss in Q2 2025.
- Issued $45.0M of 7.75% Fixed-to-Floating Rate Subordinated Notes due 2035 on June 10, 2025; qualifies as Tier 2 capital.
- Expects a net loss for Q2 2025, but no impact on book value per share as unrealized losses already in equity.
- Proceeds to reduce higher-cost non-core funding and support organic loan growth in expansion markets.
- Favorable impact on net income, NIM, ROAA, and ROAE expected beginning Q3 2025; Bank remains well capitalized.

## SEC filing metadata
- accession: 0001171843-25-003862
- form_type: 8-K
- ticker: CHMG
- cik: 0000763563
- company_name: CHEMUNG FINANCIAL CORP
- filed_at: 2025-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763563/000117184325003862/0001171843-25-003862-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763563/000117184325003862/f8k_061225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-003862
- JSON: https://secwatch.observer/filing/0001171843-25-003862.json
- Plain text: https://secwatch.observer/filing/0001171843-25-003862.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.