UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | May 23, 2012 |
Financial Institutions, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
New York | 0-26481 | 16-0816610 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
220 Liberty Street, Warsaw, New York | 14569 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 585-786-1100 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On May 23, 2012, Financial Institutions, Inc. issued a press release announcing the declaration of a cash dividend of $0.14 per 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 on July 2, 2012 to shareholders of record on June 13, 2012. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 Press Release issued by Financial Institutions, Inc. on May 23, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Financial Institutions, Inc. | ||||
May 23, 2012 | By: |
/s/ Karl F. Krebs
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Name: Karl F. Krebs | ||||
Title: Executive Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press Release issued by Financial Institutions, Inc. on May 23, 2012. |
NEWS
For Immediate Release
Contact: Karl F. Krebs, Chief Financial Officer
220 Liberty Street, Warsaw, N.Y. 14569
(585) 786-1125
kfkrebs@fiiwarsaw.com
Financial Institutions, Inc. Declares Cash Dividend
WARSAW, N.Y., May 23, 2012 Financial Institutions, Inc. (NASDAQ: FISI) (the Company) announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of outstanding common stock. 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 2, 2012 to shareholders of record on June 13, 2012.
About Financial Institutions, Inc.
With over $2.4 billion in assets, Financial Institutions, Inc. provides diversified financial
services through its subsidiaries, Five Star Bank and Five Star Investment Services, Inc. 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 and more than 70 ATMs in Western
and Central New York State. Five Star Investment Services provides brokerage and insurance products
and services within the same New York State markets. Financial Institutions, Inc. and its
subsidiaries employ over 600 individuals. Financial Institutions, Inc. was named to the 2010
Sandler ONeill Sm-All Stars list of the top performing publicly-traded small-cap banks and thrifts
in the nation and was included in the top 100 best performing community banks in the United States
according to a ranking released in April 2011 by SNL Financial. The Companys stock is listed on
the NASDAQ Global Select Market under the symbol FISI. Additional information is available at the
Companys website: www.fiiwarsaw.com.
Safe Harbor Statement
This press release may contain 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 Companys
forward-looking statements which include its ability to implement its strategic plan, its ability
to redeploy investment assets into loan assets, the attitudes and preferences of its customers, the
competitive environment, fluctuations in the fair value of securities in its investment portfolio,
changes in the regulatory environment and general economic and credit market conditions nationally
and regionally. For more information about these factors please see the Companys Annual Report on
Form 10-K and its Quarterly Reports on Form 10-Q on file with the SEC. All of these factors should
be carefully reviewed, and readers should not place undue reliance on these forward-looking
statements. Except as required by law, the Company undertakes no obligation to revise these
statements following the date of this press release.
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