PURCHASE AND ASSUMPTION AGREEMENT by and between Manufacturers and Traders Trust Company ("Seller") and Chemung Canal Trust Company ("Purchaser") PagePurchase and Assumption Agreement • December 4th, 2007 • Chemung Financial Corp • State commercial banks • New York
THIS PURCHASE AND ASSUMPTION AGREEMENT (this "Agreement") is entered into as of November 30, 2007 by and between Manufacturers and Traders Trust Company having its principal office at One M&T Plaza, Buffalo, New York 14203 ("Seller"), a New York state-chartered bank and a wholly owned subsidiary of M&T Bank Corporation ("M&T"), and Chemung Canal Trust Company, having its principal office at One Chemung Canal Plaza,Elmira, New York 14901 ("Purchaser"), a New York state- chartered bank and a wholly owned subsidiary of Chemung Financial Corporation.
