WARSAW, N.Y., May 18, 2016 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (the “Company”) (NASDAQ:FISI) announced today that
its Board of Directors has approved a quarterly cash dividend of $0.20 per outstanding common share. The Company also
announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock.
All dividends are payable July 5, 2016 to shareholders of record as of June 13, 2016.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries, Five Star Bank,
Scott Danahy Naylon and Courier Capital. Five Star Bank provides a wide range of consumer and commercial banking services to
individuals, municipalities and businesses through a network of over 50 offices throughout Western and Central New York
State. Scott Danahy Naylon provides a broad range of insurance services to personal and business clients across 44
states. Courier Capital provides customized investment management, investment consulting and retirement plan services to
individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries
employ approximately 700 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI
and is a member of the NASDAQ OMX ABA Community Bank Index. Additional information is available at the Company’s website:
www.fiiwarsaw.com.
Safe Harbor Statement
This press release may contain forward-looking statements as defined by federal securities laws that involve
significant risks and uncertainties. Statements herein are based on certain assumptions and analyses by the Company and are factors
it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such
statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles,
policies, or guidelines; changes in the Company’s dividend policy; significant changes in the economic scenario: significant
changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements
made herein are qualified by these cautionary statements and the cautionary language in the Company’s Annual Report on
Form 10-K, its Quarterly Reports on Form 10-Q and other documents filed with the SEC. Except as required by
law, the Company undertakes no obligation to revise these statements following the date of this press release.
For additional information contact: Kevin B. Klotzbach Executive VP, Chief Financial Officer & Treasurer Phone: 585.786.1130 Email: KBKlotzbach@five-starbank.com Jordan Darrow Darrow Associates Phone: 631.367.1866 Email: jdarrow@darrowir.com
