The American elm (Ulmus americana L.), once a dominant species in North American floodplain forests, has suffered significant population declines due to Dutch elm disease (DED). Despite this, some elms persist, potentially exhibiting disease resistance and climate-adaptive traits that could facilitate restoration. Understanding these traits is crucial for selecting genotypes suited to current and future climatic conditions, particularly in colder regions. This study evaluated the mid-winter cold tolerance of American elm genotypes across a climatic gradient to ascertain evidence of local climate adaptation. We used relative electrolyte leakage (REL) to assess mid-winter cold tolerance of current-year shoots on eleven survivor genotypes from New England and one susceptible, control genotype from Ohio. The lethal temperature, at which 50% of cellular leakage occurs (LT₅₀), was determined and compared with 30-year climate data to identify potential climate adaptation. Genotypes from colder regions exhibited greater cold hardiness, indicating local adaptation to climate. Observed mid-winter LT₅₀ values (−42.8 °C to −37.7 °C) were in excess of the 30-year minimum air temperature, even at the coldest source location. This calls into question whether mid-winter cold tolerance is the critical period for injury to American elm and more attention should be given to environmental conditions that cause de-acclimation to cold. By understanding the adaptive capacity of American elm, managers can better select mother trees for regional seed orchards, ensuring the long-term success of restoration initiatives.