Financial institutions

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Financial Institutions, Inc.

WARSAW, NY, May 25, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), parent company of Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital , LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”) today announced that their Board of Directors has approved a quarterly cash dividend of $0.29 per outstanding common share.

The Company also announced dividends of $0.75 per share on its 3% Series A Preferred Shares and $2.12 per share on its 8.48% Series B-1 Preferred Shares. All dividends are payable on July 5, 2022 to shareholders of record on June 17, 2022.

About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, SDN, Courier Capital and HNP Capital. Five Star Bank offers a wide range of personal, municipal and commercial banking and lending services through a network of more than 45 offices in Western and Central New York State and a production office in commercial loans in Ellicott City (Baltimore), Maryland. SDN offers a wide range of insurance services to individuals and businesses. Courier Capital and HNP Capital provide personalized investment management, investment advisory and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ more than 600 people. The Company’s shares are listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.

For more information, contact:

Shelly J. Doran
(585) 627-1362
sjdoran@five-starbank.com