Financial Institutions, Inc. Announces Quarterly Dividend
26 February 2015 - 8:05AM
Financial Institutions, Inc. (the "Company") (Nasdaq:FISI)
announced today that its Board of Directors has approved a
quarterly cash dividend of $0.20 per outstanding common share. The
Company also announced dividends of $0.75 per share on Series A 3%
preferred stock and $2.12 per share on series B-1 8.48% preferred
stock. All dividends are payable April 2, 2015 to
shareholders of record as of March 12, 2015.
The Company also announced that its 2015 Annual Meeting of
Shareholders will be held at the Woodcliff Hotel & Spa, 199
Woodcliff Drive, Fairport, New York 14450 on Wednesday, May 6,
2015, at 10:00 a.m. The record date for the Annual Meeting is
March 12, 2015.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial
services through its subsidiaries, Five Star Bank and Scott Danahy
Naylon. Five Star Bank provides a wide range of consumer and
commercial banking services to individuals, municipalities and
businesses through a network of over 50 offices throughout Western
and Central New York State. Scott Danahy Naylon provides a
broad range of insurance services to personal and business clients
across 44 states. Financial Institutions, Inc. and its
subsidiaries employ over 625 individuals. The Company's stock
is listed on the Nasdaq Global Select Market under the symbol FISI
and is a member of the NASDAQ OMX ABA Community Bank
Index. Additional information is available at the Company's
website: www.fiiwarsaw.com.
Safe Harbor Statement
This news release may contain "forward-looking statements,"
within the meaning of federal securities laws that involve
significant risks and uncertainties. Statements herein are based on
certain assumptions and analyses by the Company and are factors it
believes are appropriate in the circumstances. Actual results could
differ materially from those contained in or implied by such
statements for a variety of reasons including, but not limited to:
changes in interest rates; changes in accounting principles,
policies, or guidelines; changes in the Company's dividend policy;
significant changes in the economic scenario: significant changes
in regulatory requirements; and significant changes in securities
markets. Consequently, all forward-looking statements made herein
are qualified by these cautionary statements and the cautionary
language in the Company's Annual Report on Form 10-K, its Quarterly
Reports on Form 10-Q and other documents filed with the
SEC. Except as required by law, the Company undertakes no
obligation to revise these statements following the date of this
news release.
CONTACT: Kevin B. Klotzbach
Executive VP, Chief Financial Officer & Treasurer
Phone: 585.786.1130
Email: KBKlotzbach@five-starbank.com
Jordan Darrow
Darrow Associates
Phone: 631.367.1866
Email: jdarrow@darrowir.com
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