Five Star Bank parent company to pay Q1 dividend of 30 cents a share on April 2

The Five Star Bank office building in downtown Rochester. PHOTO CREDIT: FIVE STAR BANK FACEBOOK PROFILE

Already an Subcriber? Log in

Get Instant Access to This Article

Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.

Learn More and Become a Subscriber

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, announced that its board of directors recently approved a quarterly cash dividend of 30 cents per share of its common stock outstanding. The banking company will pay the first-quarter dividend on April 2, to shareholders of record on March 15. At Financial Institutions’ current stock price, the dividend yields about 6.5 percent on an annual basis. Five Star Bank, based in Warsaw in Wyoming County, has about 50 retail branches located throughout Western and Central New York. Its CNY branches include offices in Auburn, Waterloo, Geneva, Ovid, Horseheads, and Elmira. Five Star Bank last year expanded into the Syracuse market with a new commercial-loan production office at 115 Solar St. in the city’s Franklin Square area. Financial Institutions has about $6.2 billion in assets, offering banking, insurance, and wealth-management products and services through a network of subsidiaries.

Journal Staff