WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 30 cents per share of its common stock outstanding. The banking company will pay the fourth-quarter dividend on Jan. 2, to shareholders of record as of Dec. […]
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 30 cents per share of its common stock outstanding.
The banking company will pay the fourth-quarter dividend on Jan. 2, to shareholders of record as of Dec. 13.
At Financial Institutions’ current stock price, the dividend yields more than 4.3 percent on an annual basis.
Financial Institutions is a financial holding company, based in Warsaw in New York’s Wyoming County, with about $6.2 billion in assets, offering banking and wealth-management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities, and businesses through banking locations spanning Western and Central New York and a commercial-loan production office serving the Mid-Atlantic region. Five Star Bank’s Central New York offices include a commercial-loan production office in Syracuse and retail branches in Auburn, Waterloo, and Geneva.
