ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved an increase in its quarterly cash dividend to 45 cents a share from the previous 44 cents.
The new, higher dividend will be payable on Nov. 15 to common shareholders of record on Nov. 8.
Tompkins Financial reported net income of $14.9 million in this year’s third quarter, up 2.5 percent from more than $14.5 million in the same period in 2015.
Tompkins Financial is a financial-services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, Tompkins Financial is parent of Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, Tompkins Insurance Agencies, Inc., and offers wealth-management services through Tompkins Financial Advisors.
Tompkins Trust is the number one bank in the Ithaca metro area — ranked by deposit market share, with more than 61 percent share of all market deposits — according to FDIC statistics.
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