Financial Institutions, Inc. Announces Quarterly Dividend
November 18 2015 - 4:05PM
Financial Institutions, Inc. (the “Company”) (NASDAQ:FISI), the
parent company of Five Star Bank and Scott Danahy Naylon Insurance,
announced today that its Board of Directors has approved a
quarterly cash dividend of $0.20 per outstanding common
share. The Company also announced dividends of $0.75 per
share on Series A 3% preferred stock and $2.12 per share on series
B-1 8.48% preferred stock. All dividends are payable January
4, 2016 to shareholders of record as of December 10, 2015.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides
diversified financial services through its subsidiaries, Five Star
Bank and Scott Danahy Naylon. Five Star Bank provides a wide
range of consumer and commercial banking services to individuals,
municipalities and businesses through a network of over 50 offices
and more than 60 ATMs throughout Western and Central New York
State. Scott Danahy Naylon provides a broad range of
insurance services to personal and business clients across 44
states. Financial Institutions, Inc. and its subsidiaries
employ approximately 650 individuals. The Company’s stock is
listed on the Nasdaq Global Select Market under the symbol FISI and
is a member of the NASDAQ OMX ABA Community Bank Index.
Additional information is available at the Company’s website:
www.fiiwarsaw.com.
Safe Harbor Statement
This press release may contain forward-looking
statements as defined by federal securities laws that involve
significant risks and uncertainties. Statements herein are based on
certain assumptions and analyses by the Company and are factors it
believes are appropriate in the circumstances. Actual results could
differ materially from those contained in or implied by such
statements for a variety of reasons including, but not limited to:
changes in interest rates; changes in accounting principles,
policies, or guidelines; changes in the Company’s dividend policy;
significant changes in the economic scenario: significant changes
in regulatory requirements; and significant changes in securities
markets. Consequently, all forward-looking statements made herein
are qualified by these cautionary statements and the cautionary
language in the Company’s Annual Report on Form 10-K, its Quarterly
Reports on Form 10-Q and other documents filed with the SEC.
Except as required by law, the Company undertakes no obligation to
revise these statements following the date of this press
release.
For additional information contact:
Kevin B. Klotzbach
Executive VP, Chief Financial Officer & Treasurer
Phone: 585.786.1130
Email: KBKlotzbach@five-starbank.com
Jordan Darrow
Darrow Associates
Phone: 631.367.1866
Email: jdarrow@darrowir.com
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