Financial Institutions to Present at the 2006 KBW Community Bank Investor Conference

July 31, 2006

WARSAW, N.Y.--(BUSINESS WIRE)--July 31, 2006--

Financial Institutions, Inc. (NASDAQ: FISI) ("FII"), the parent company of Five Star Bank, today announced that Peter Humphrey, President and CEO, and Ronald Miller, Chief Financial Officer will present at the 2006 Keefe, Bruyette & Woods (KBW) Honor Roll and Seventh Annual Community Bank Investor Conference at the Waldorf Astoria in New York City.

Management is scheduled to present on Tuesday, August 1st at 9:30 AM ET. There will be a live webcast, which can be accessed through the KBW website at http://www.kbw.com/news/conference_investor.html. A replay will be available for approximately sixty days following the event.

About Financial Institutions, Inc.

With total assets of $1.9 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, Five Star Investment Services, Inc., FII also provides diversified financial services to its customers and clients, including brokerage 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 effectiveness of its strategy and bank consolidation, its ability to reduce operating expenses, the attitudes and preferences of customers, the competitive environment 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.

Source: Financial Institutions, Inc.

Contact: Financial Institutions, Inc. Ronald A. Miller, 585-786-1102 Email: invest@fiiwarsaw.com or Kei Advisors LLC Deborah K. Pawlowski, 716-843-3908 dpawlowski@keiadvisors.com