SETTLEMENT AGREEMENT AND WAIVER AND RELEASESettlement Agreement • November 14th, 2011 • Chemung Financial Corp • State commercial banks • New York
This SETTLEMENT AGREEMENT AND WAIVER AND RELEASE (the “Settlement Agreement”) is entered into July 5th, 2011 by and among PETER D. CUREAU, an individual residing at 60 Esopus Drive, Clifton Park, New York 12065 (“Cureau”), CHEMUNG FINANCIAL CORPORATION, a New York corporation and registered financial holding company (“CFC”) and CHEMUNG CANAL TRUST COMPANY, a New York chartered commercial bank organized and existing under the laws of the State of New York and wholly owned subsidiary of CFC (“Chemung Bank”) and together with CFC referred to as “CHEMUNG”). Both CFC and Chemung Bank have their principal place of business at One Chemung Canal Plaza, Elmira, New York 14902-1522.
