Financial Institutions Inc. Announces Quarterly Cash Dividend
Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, LLC, has made an announcement regarding a quarterly cash dividend. The Board of Directors has approved a dividend of $0.30 for each outstanding common share.
Alongside the common stock dividend, the company also disclosed dividends of $0.75 per share for its Series A 3% preferred stock and $2.12 per share for its Series B-1 8.48% preferred stock. This move underscores the company’s commitment to delivering value to its shareholders.
All dividends are set to be paid on a designated date to shareholders who are on record as of mid-September, ensuring that those who hold shares will receive their dividends without delay.
About Financial Institutions Inc.
Financial Institutions, Inc. (NASDAQ: FISI) is recognized as a forward-thinking financial holding company, boasting approximately $6.1 billion in assets. The company provides a wide array of banking and wealth management products and services. Its subsidiary, Five Star Bank, addresses the consumer and commercial banking needs by offering tailored banking and lending services to individuals, municipalities, and businesses. The bank has multiple locations throughout Western and Central New York and operates a commercial loan production office that services the Mid-Atlantic region.
Another subsidiary, Courier Capital, LLC, focuses on delivering customized investment management, financial planning, and consulting services. This includes serving individuals and families, businesses, institutions, non-profits, and retirement plans, reflecting the company’s commitment to improving the financial well-being of its clients.
For more information about the company’s financial products and services, interested individuals can visit Five-StarBank.com and FISI-Investors.com.
Contact Information
If you have any further questions, 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.
