Press Release
Approval of Application by Chemung Canal Trust Company, Elmira, New York
September 9, 2013

NEW YORK—The Federal Reserve Bank of New York approved the application by Chemung Canal Trust Company, Elmira, New York, to purchase certain assets and assume certain liabilities of six branches of Bank of America N.A., Charlotte, North Carolina. 

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.