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Chemung Financial Shareholders Face Deep Subordination in Liquidation Amid $45 Million Subordinated Notes

Chemung Financial Shareholders Face Deep Subordination in Liquidation Amid $45 Million Subordinated Notes

Chemung Financial Corp (CHMG) has disclosed a new risk, in the Share Price & Shareholder Rights category.

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An external observer notes that Chemung Financial Corp’s common stock represents a residual equity claim that is structurally subordinate to all customer deposits, senior borrowings and other non‑equity obligations in a liquidation scenario. This subordination is further intensified by the $45.0 million of subordinated notes issued in June 2025, whose holders would still rank ahead of common shareholders with respect to asset recovery.

The average CHMG stock price target is $64.00, implying 19.40% upside potential.

To learn more about Chemung Financial Corp’s risk factors, click here.

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