Financial Institutions, Inc. Buyback
OLI recorded this information on 11/4/2020
Financial Institutions, Inc.
Share Amount Authorized:
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 that its Board of Directors has approved a stock repurchase program for up to 801,879 shares of its common stock, or approximately 5% of the Company's outstanding common shares.
Financial Institutions is a financial holding company. Through its subsidiary, Five Star Bank, Co. provides a range of banking services to consumer, commercial and municipal customers in Western and Central New York. Through its subsidiary, SDN Insurance Agency, LLC, Co. sells various premium-based insurance policies on a commission basis to commercial and consumer customers. Through its subsidiaries, Courier Capital, LLC and HNP Capital, LLC, Co. provides customized investment advice, wealth management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans.
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Strong Buy (4.00 out of 4)