Five Star Bank parent to pay quarterly dividend of 26 cents a share

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced it will pay a quarterly cash dividend of 26 cents a share per common share outstanding for the fourth quarter.

The dividend is payable on Jan. 4, to shareholders of record on Dec. 21.

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, Seneca Falls, Geneva, Ovid, Horseheads, and Elmira.

Financial Institutions and its subsidiaries employ about 630 people. The banking company generated $23.4 million in net income in the first nine months of 2020, down from nearly $34.7 million in the year-ago period.