Effective on September 16, 2020, the boards of directors of Chemung Financial Corporation, and its wholly-owned bank subsidiary, Chemung Canal Trust Company, elected Richard E. Forrestel, Jr. to serve as director of both the Corporation and the Bank. Mr. Forrestel’s director’s compensation will be on the same terms as other directors and in accordance with the provisions of the Chemung Financial Corporation Directors’ Compensation Plan that includes: (i) an annual retainer, (ii) board meeting and committee fees, (iii) eligibility to participate in the Directors’ Deferred Fee Plan and (iv) shares of the Corporation’s common stock. Mr. Forrestel is not party to any transaction with the Corporation or the Bank that would require disclosure under Item 404(a) of Securities and Exchange Commission Regulation S-K. Mr. Forrestel is Treasurer of Cold Spring Construction Company in Akron, New York. He has been appointed to the Loan Committee of the Bank, and is expected to be appointed to the Audit Committee and Enterprise Risk Committee of the Corporation.