FISI - Mergers and acquisitions

WARSAW, N.Y., May 01, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company") today announced the completion of the merger of its wholly-owned SEC-registered investment advisory firms on May 1, 2023, under which HNP Capital, LLC ("HNP Capital") merged with and into Courier Capital, LLC ("Courier Capital"). "This merger formally unites our Company's two well-regarded wealth management firms and is the next natural step in the evolution for our investment advisory business line," said Martin K. Birmingham, President and Chief Executive Officer of the Company. "In addition to supporting Courier Capital's growth, this merger streamlines our ability to provide innov

WARSAW, N.Y., Aug. 31, 2021 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC ("SDN"), Courier Capital, LLC ("Courier Capital") and HNP Capital, LLC ("HNP Capital"), today announced the acquisition of assets of North Woods Capital Benefits LLC ("North Woods") by the Company's insurance subsidiary SDN on August 2, 2021. North Woods was a Buffalo-based employee benefits and human resources advisory firm with a mission of helping clients of all sizes navigate the complexities of employee benefits, human resources and compliance to control costs and maximize long-term savings. William (Bill)

WARSAW, N.Y., April 28, 2021 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company" "we" or "us"), parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC ("SDN"), Courier Capital, LLC ("Courier Capital") and HNP Capital, LLC ("HNP Capital"), today reported financial and operational results for the first quarter ended March 31, 2021. Net income for the quarter was $20.7 million compared to $1.1 million in the first quarter of 2020. After preferred dividends, net income available to common shareholders was $20.3 million, or $1.27 per diluted share, compared to $762 thousand, or $0.05 per diluted share, in the first quarter of 2020. Net income for bo