 ELMIRA, N.Y., Jan. 08, 2021 GLOBE NEWSWIRE -- Chemung Financial Corporation the Corporation NASDAQ: CHMG, the parent company of Chemung Canal Trust Company, announced today that the Board of Directors of the Corporation approved a new stock repurchase program whereby the Corporation may repurchase up to 250,000 shares of its common stock, or approximately 5 of its outstanding shares. The Corporation will not initiate the stock repurchase program until after the release of the Corporations year-end earnings. 