Five Star Bank parent to pay fourth-quarter dividend in early January

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 29 cents per common share outstanding.

The banking company will pay the fourth-quarter dividend on Jan. 3, to shareholders of record on Dec. 16. 

At the banking company’s current stock price, the dividend yields about 4.8 percent on an annual basis.

Five Star Bank, based in Warsaw in Wyoming County, has more than 45 branches throughout Western and Central New York, as well as a loan office in Maryland. Its CNY branches include offices in Auburn, Waterloo, Geneva, Ovid, Horseheads, and Elmira.

Financial Institutions and its subsidiaries employ about 650 people.