Financial Institutions, Inc. Announces Quarterly Dividend
May 18 2016 - 04:05PM
Financial Institutions, Inc. (the “Company”) (NASDAQ:FISI)
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 July 5,
2016 to shareholders of record as of June 13, 2016.
About Financial Institutions,
Inc.
Financial Institutions, Inc. provides
diversified financial services through its subsidiaries, Five Star
Bank, Scott Danahy Naylon and Courier Capital. 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 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. Courier Capital provides customized investment
management, investment consulting and retirement plan services to
individuals, businesses, institutions, foundations and retirement
plans. Financial Institutions, Inc. and its subsidiaries
employ approximately 700 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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