Risks for CHEMUNG FINANCIAL CORP (CHMG)

Here are some interesting risks from the recent filings of CHEMUNG FINANCIAL CORP. Our algorithms work hard to highlight risks unique to this company.

The allowance for loan losses may prove to be insufficient to absorb losses in the loan portfolio.

Strong competition within the Corporation's industry and market area could limit its growth and profitability.

The Corporation’s growth strategy may not prove to be successful and its market value and profitability may suffer

Compliance with the Dodd-Frank Act has increased the Corporation’s costs of operations and may adversely affect the Corporation’s earnings and financial condition.

The Corporation operates in a highly regulated environment and may be adversely affected by changes in laws and regulations.