WARSAW, N.Y.--(BUSINESS WIRE)--Dec. 5, 2005--Financial
Institutions, Inc. (Nasdaq: FISI) announced that its Board of
Directors declared a quarterly cash dividend of $0.08 per common
share, payable on January 3, 2006 to shareholders of record on
December 19, 2005.
In addition, the Board declared a quarterly dividend of $2.12 per
share on Series B-1, 8.48% Preferred Stock and $0.75 per share on
Series A, 3% Preferred Stock, payable on January 3, 2006 to
shareholders of record on December 19, 2005.
With total assets of $2.1 billion, Financial Institutions, Inc. is
the parent company of Five Star Bank, which provides a wide range of
consumer and commercial banking services to individuals,
municipalities and businesses through a network of 50 offices and 72
ATM's in Western and Central New York State. Through its Investment
Services affiliate, FII also provides diversified financial services
to its customers and clients, including brokerage, trust and
insurance. More information on FII and its subsidiaries is available
through the Company web site at www.fiiwarsaw.com.
Safe Harbor Statement
This press release contains forward-looking statements as defined
by federal securities laws. These statements may address issues that
involve significant risks, uncertainties, estimates and assumptions
made by management. Actual results could differ materially from
current beliefs or projections. There are a number of important
factors that could affect the Company's forward-looking statements
which include the availability of cash to continue to pay a dividend,
the impact of regulatory restrictions and other factors discussed in
the Company's filings with the Securities and Exchange Commission. The
Company undertakes no obligation to revise these statements following
the date of this press release.
CONTACT: Financial Institutions, Inc.
Matthew T. Murtha, 585-786-1167
mtmurtha@fiiwarsaw.com
SOURCE: Financial Institutions, Inc.