Company Profile
- With a legacy of community-focused banking spanning over 200 years, Financial Institutions, Inc. (NASDAQ: FISI)(“the company”) is the holding company for Five Star Bank (“the bank”), a New York-chartered banking subsidiary headquartered in Western New York. The bank operates 49 branches in its home state, serving communities across Western and Central New York. FISI provides a comprehensive range of commercial and retail banking services and maintains loan production offices in suburban Maryland and Syracuse, NY.
- The well-diversified loan portfolio is commercially focused, with CRE representing the largest concentration at 43% of total loans. The majority of the commercial portfolio is within the bank’s footprint which operates in Upstate New York and the Mid-Atlantic region. Investor CRE comprises 29% of the total loan portfolio with multifamily exposure at 10% and C&I loans represent 18% including owner occupied loans (6%). FISI has a sizable…