Chemung Canal Trust Names New Wealth Executive
Timothy D. Calkins joins the executive team to lead the company's wealth management division.
Updated on Oct. 27, 2026 in People
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In August 2026, Chemung Canal Trust Company appointed Timothy D. Calkins as the Executive Vice President of its Wealth Management Group. The move aims to support the company's strategy to expand its wealth advisory business across New York.
Why it matters
By strengthening its leadership, the firm seeks to grow its wealth management footprint throughout the state. The hire coincides with the company's efforts to unify its banking entities under the new Canal Bank & Trust brand.
Timothy D. Calkins brings nearly 25 years of professional investment and wealth management experience to the firm. Founded in 1833, the institution is currently working to consolidate its regional banking brands.
The players
Timothy D. Calkins
He is the newly appointed Executive Vice President of the Wealth Management Group at Chemung Canal Trust Company.
Chemung Canal Trust Company
It is a longstanding banking institution that is currently rebranding its operations as Canal Bank & Trust.
The details
Calkins, a CFA charterholder and graduate of Canisius University, previously served as the Chief Investment Officer at a firm in Buffalo. He now oversees a specialized team of wealth professionals and CFA charterholders at Chemung Canal Trust Company.
Timeline
1833 marks the year Chemung Canal Trust Company was originally founded.
August 2026 was the month Timothy D. Calkins joined the executive management team.
October 27, 2026 is the publication date for this report.
Market Landscape
The bank's move to consolidate its regional entities reflects a broader trend of institutional brand unification designed to capture larger market share. By aligning its wealth management leadership, the firm is positioning itself to compete more aggressively in New York's financial sector.
Customers of the current banking entities will see a transition to the Canal Bank & Trust brand as the company streamlines its operations. The bank's growth in wealth services may provide new investment advisory options for clients across the state.
The takeaway
The addition of a seasoned executive signals a renewed focus on wealth management as a core growth pillar. Clients looking for advisory services should monitor how the rebranding efforts impact existing account accessibility and local branch services.
Further reading
For more on industry leadership changes, visit People.
Source note: This article includes information reported by Rochester Business Journal.
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