Five Star Bank parent company to pay Q3 dividend of 30 cents a share in early October

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors approved a quarterly cash dividend of 30 cents per share of its common stock outstanding. The banking company will pay the third-quarter dividend on Oct. 2, to shareholders of record on Sept. 13. At Financial Institutions’ current stock price, the dividend yields more than 4.8 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 in 2023 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 $6.1 billion in assets, offering banking and wealth-management products and services. Five Star Bank provides consumer and commercial banking and lending services to individuals, municipalities, and businesses.