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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 has approved a quarterly cash dividend of 30 cents per common share outstanding. The banking company will pay the third-quarter dividend on Oct. 2, to shareholders of record on Sept. 14. At Financial Institutions’ […]

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The banking company will pay the third-quarter dividend on Oct. 2, to shareholders of record on Sept. 14.

At Financial Institutions’ current stock price, the dividend yields about 6.8 percent on an annual basis.

Five Star Bank, based in Warsaw in Wyoming County, has about 50 branches throughout Western and Central New York. Its CNY branches include offices in Auburn, Waterloo, Geneva, Ovid, Horseheads, and Elmira.

Five Star Bank recently 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, Inc. has about $6.1 billion in assets, offering banking, insurance, and wealth-management products and services through a network of subsidiaries.

Jornal Staff