Financial Institutions, Inc. (NASDAQ: FISI), the parent of Five Star Bank, has declared a quarterly cash dividend of 19 cents per outstanding common share.
The dividend is payable on Jan. 2, to shareholders of record as of Dec. 12.
The payment is the same amount the banking company paid last quarter, when it boosted its dividend by one penny a share from the prior quarter.
(Sponsored)
Recent Court Decision Supports Requiring Employees to Be In the Workplace
A recent Federal Court decision confirmed that the Family Medical Leave Act (FMLA) does not require employers to allow employees to work remotely. In Kemp v. Regeneron Pharmaceuticals, Inc.,
When Can an Employer Request an Applicant’s or Employee’s Salary History?
In a tight labor market, many employers struggle to provide the most competitive employment offers, including competitive salaries and wages. Are employers permitted to request an applicant’s current salary in
Financial Institutions provides financial services through its subsidiaries, Five Star Bank and Five Star Investment Services, Inc. Five Star Bank has more than 50 offices in Western and Central New York. Nine of the branches are in the 16-county Central New York area, where Five Star Bank has $288 million in deposits and a 1.1 percent market share, according to FDIC data.
Five Star Investment Services provides investment advice, brokerage and insurance products and services within the same New York state markets as the bank.
Financial Institutions — headquartered in Warsaw, NY (nearly 40 miles east of Buffalo) — and its subsidiaries employ more than 600 people.
Contact Rombel at arombel@cnybj.com
