UK Markets open in 2 hrs 12 mins

Financial Institutions, Inc. (FISI)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
Add to watchlist
26.75+0.23 (+0.87%)
At close: 04:00PM EDT

Financial Institutions, Inc.

220 Liberty Street
Warsaw, NY 14569
United States
585 786 1100
https://www.fiiwarsaw.com

Sector(s)Financial Services
IndustryBanks—Regional
Full-time employees600

Key executives

NameTitlePayExercisedYear born
Mr. Martin K. BirminghamPres, CEO & Director1.1M123.65k1966
Mr. William Jack Plants IISr. VP, CFO & Treasurer418.35kN/A1984
Mr. Sean M. WillettExec. VP & Chief Admin. Officer443.8k16.43k1972
Mr. Samuel J. Burruano Jr.Exec. VP, Chief Legal Officer & Corp. Sec.348.03kN/A1969
Mr. Justin K. BighamExec. VP & Chief Community Banking Officer529.13k63.06k1974
Mr. Kevin B. QuinnSr. VP & Chief Commercial Banking Officer396.2kN/A1964
Ms. Sonia Marie DumbletonSr. VP, Controller & Principal Accounting OfficerN/AN/A1962
Ms. Shelly J. DoranSr. VP and Director of Investor & External RelationsN/AN/AN/A
Mr. Michael David Grover CPASr. VP, Director of Financial Planning & Analysis and TaxN/AN/A1972
Mr. Joseph L. DuganSr. VP and Chief Experience & Go to Market Officer of Five Star BankN/AN/A1962
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Financial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company also provides personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services comprising life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. The company operates a network of 48 banking offices in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Schuyler, Steuben, Wayne, Wyoming, and Yates counties, New York. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

Corporate governance

Financial Institutions, Inc.’s ISS governance QualityScore as of 1 May 2022 is 2. The pillar scores are Audit: 3; Board: 2; Shareholder rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.