Financial Institutions, Inc. Announces New Board Member
Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, LLC, has made an important announcement regarding its Board of Directors. The company recently welcomed Angela J. Panzarella as a new independent member of its board.
Angela Panzarella's Background and Expertise
Angela Panzarella brings with her a wealth of experience in both business and nonprofit leadership. With a notable tenure as the CEO of the YWCA of Rochester and Monroe County from 2018 to 2020, her extensive expertise also includes 20 years with Bausch + Lomb, where she played a vital role in various capacities. Her prior experience on the board of publicly-traded Transcat, Inc. further enriches her qualifications, where she served as Chair of the Compensation Committee and contributed to both Technology and Governance Committees.
The Impact of Ms. Panzarella's Appointment
With her appointment, the size of the company’s Board has now expanded to twelve members. Notably, eleven of these members are independent, reflecting a commitment to unbiased governance. Angela Panzarella will be actively involved in the Audit and Management Development & Compensation Committees, where her insights are expected to contribute significantly to the company's overall strategy.
Leadership Insights
Susan R. Holliday, Chair of the Boards of Directors for Financial Institutions, Inc. and Five Star Bank, expressed excitement over Ms. Panzarella's addition. She stated, "We are incredibly pleased to welcome Angela Panzarella to our Boards of Directors. Given her vast experience in the dynamic field of healthcare, we are confident that her strategic insights will be invaluable as we pursue our long-term goals."
Understanding Company Growth
Martin K. Birmingham, the President and CEO of Financial Institutions, Inc. and Five Star Bank, echoed this sentiment. He conveyed optimism about the future, highlighting that Ms. Panzarella’s strategic thinking and leadership within the Greater Rochester community align perfectly with their focused growth objectives.
Angela Panzarella's Community Involvement
Beyond her impressive business credentials, Panzarella has a strong dedication to community service. She has held positions on various boards, including UR Medicine Home Care and the United Way of Greater Rochester, showcasing her commitment to making a positive impact in her community. Her academic prowess includes a Bachelor’s degree from St. John Fisher College and a Juris Doctor from Albany Law School.
About Financial Institutions, Inc.
Financial Institutions, Inc. is a robust financial holding company with approximately $6.2 billion in assets, offering a variety of banking and wealth management solutions. Through its subsidiary, Five Star Bank, the organization provides comprehensive banking services to individuals and businesses across New York. Additionally, Courier Capital, LLC extends its reach by offering tailored investment management and consulting services to a diverse clientele.
Contact Information
For additional information or inquiries, please reach out to Kate Croft, the Director of Investor and External Relations, at (716) 817-5159 or via email.
Frequently Asked Questions
Who is Angela J. Panzarella?
Angela J. Panzarella is a new independent member of the Board of Directors at Financial Institutions, Inc.
What experience does Angela bring to the board?
She has extensive experience in both corporate and nonprofit leadership, including previous roles at Bausch + Lomb and as CEO of the YWCA of Rochester.
How has the Board of Financial Institutions, Inc. changed?
The Board has expanded to twelve members, with Angela's appointment increasing the number of independent directors.
What committees will Panzarella serve on?
Angela Panzarella will serve on the Audit and Management Development & Compensation Committees.
What services does Financial Institutions, Inc. provide?
They offer banking, wealth management, investment management, and consulting services through their subsidiaries.
