WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, 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 fourth-quarter dividend on Jan. 2, to shareholders of record on Dec. 14. At Financial Institutions’ current […]
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, 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 fourth-quarter dividend on Jan. 2, to shareholders of record on Dec. 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 earlier this 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 $6.1 billion in assets, offering banking, insurance, and wealth-management products and services through a network of subsidiaries.