SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

November 19, 2008

     

Commission file number:
0-13888

     

CHEMUNG FINANCIAL CORPORATION
(Exact name of Registrant as specified in its charter)

     

New York
(State or other jurisdiction of

incorporation or organization)

 

16-123703-8
(I.R.S. Employer

Identification No.)

     

One Chemung Canal Plaza, Elmira, NY 14901
(Address of principal executive offices) (Zip Code)

(607) 737-3711
(Registrant's telephone number including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

o

Pre-commencement communications pursuant to Rule 14d-2(B) under the Exchange Act (17 CFR 240.14d-2(b))

     

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

 

 

 

Item 8.01

Other Events

   

On November 19, 2008, The Board of Directors Chemung Financial Corporation authorized the repurchase of up to 90,000 shares of the Company's outstanding common stock. Purchases may be made on the open market, or in privately negotiated transactions, over the next year. This share repurchase program replaces a program that was previously approved by the Company's Board in November 2006, and expired this month.

ITEM 9.01

FINANCIAL STATEMENTS AND EXHIBITS

(d)

Exhibits

   
 

Exhibit No.

 
 

99

Press Release of Chemung Financial Corporation dated
November 19, 2008

   

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

   
 

CHEMUNG FINANCIAL CORPORATION

   
   

November 19, 2008

By: Ronald M. Bentley

 

 

Ronald M. Bentley

 

President & Chief Executive Officer