**Chemung Canal Trust Company**-today known and as **Chemung Canal Bank**-is a community-based financial institution that has accrued plenty of history. A snapshot of its story is below.
### Founding and Early History
The **Chemung Canal Trust Company** was founded in Elmira, New York, in 1833. It was first organized as a canal bank to meet emergent needs of the economy reliant heavily on canal trade during the 19th century. As such, the economy diversified, and with it, so did the services offered by this bank to become the full-service institution it is today.
### Growth and Expansion
Over the years, services offered by Chemung Canal Trust Company have grown well beyond traditional banking. Through the acquisition of smaller banks and the building of new branches throughout the surrounding areas, it has grown to be more significantly recognized throughout the Southern Tier of New York State and beyond.
### Modernization and Services
Through the 20th and early 21st centuries, the bank moved with the times by adopting new technologies in order to advance its financial services. As times and technology have continued to change, the bank has introduced online banking and then mobile banking to suit the changing needs of its customers. While modernizing itself, Chemung Canal Bank has remained very committed to personal service and civic involvement.
### Rebranding to Capital Bank
In 2021, **Chemung Canal Trust Company** became **Capital Bank**. This rebranding was an image update strategy to better reflect growth and presence in its regions. The new name aimed to provide a forward-looking approach while safeguarding its rich history and commitment to community banking.
### Community Involvement
Through its commitment to the communities it serves, Chemung Canal Bank has become deeply entrenched within those communities throughout its history. Its support of local initiatives and various charities, along with events, shows that the bank is concerned about improving the quality of life within all of its service areas. This would be so because such involvement may strengthen relations with all customers and reinforce its position as a community-minded institution.
### Legacy and Future
What was once Chemung Canal Bank, now Capital Bank, moves forward with its tradition of service and commitment to community. The institution tries to balance old-fashioned banking principles with progressive financial solutions that will hopefully serve the needs of individual and business clients while contributing positively to the communities it serves.
The most current information about Capital Bank and its products, or any news item referring to changes, will be found on its website or by contacting the bank directly.