Financial Institutions Inc. Declares Quarterly Cash Dividend of $0.30
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Financial Institutions Inc. Declares Quarterly Cash Dividend
Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, LLC, has announced that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share.
In addition to the common stock dividend, the company revealed dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. This reflects the company’s commitment to returning value to its shareholders.
All dividends are scheduled to be payable on a specific date to shareholders of record as of mid-September, ensuring that those who hold shares will receive their due dividends promptly.
About Financial Institutions Inc.
Financial Institutions, Inc. (NASDAQ: FISI) is recognized as an innovative financial holding company with approximately $6.1 billion in assets. The company offers a diverse range of banking and wealth management products and services. Its subsidiary, Five Star Bank, caters to consumer and commercial banking needs, providing banking and lending services tailored to individuals, municipalities, and businesses. The bank operates through various locations across Western and Central New York and maintains a commercial loan production office that serves the Mid-Atlantic region.
Courier Capital, LLC, another subsidiary, specializes in providing customized investment management, financial planning, and consulting services. This includes servicing individuals and families, businesses, institutions, non-profits, and retirement plans, showcasing the company’s dedication to enhancing client financial health.
For additional information on the company’s financial products and services, interested parties can visit Five-StarBank.com and FISI-Investors.com.
Contact Information
For further inquiries, please reach out to:
Kate Croft
Director of Investor and External Relations
(716) 817-5159
klcroft@five-starbank.com
Frequently Asked Questions
1. What is the amount of the quarterly cash dividend declared by Financial Institutions, Inc.?
The quarterly cash dividend declared by Financial Institutions, Inc. is $0.30 per outstanding common share.
2. When will the dividends be paid to shareholders?
The dividends are payable on a specific date to shareholders of record in mid-September.
3. Who are the subsidiaries of Financial Institutions, Inc.?
The subsidiaries of Financial Institutions, Inc. include Five Star Bank and Courier Capital, LLC.
4. What services does Five Star Bank provide?
Five Star Bank provides consumer and commercial banking and lending services to individuals, municipalities, and businesses in Western and Central New York.
5. How can I contact Financial Institutions, Inc. for more information?
You can contact Kate Croft, the Director of Investor and External Relations, at (716) 817-5159 or via email at klcroft@five-starbank.com.
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