Tompkins Financial (TMP) Commences $30M Common Offering

Tompkins Financial Corporation (AMEX: TMP) announced today that it is commencing an underwritten public offering of $30 million of its common stock. Macquarie Capital and Keefe, Bruyette & Woods will act as joint book-running managers. The shares will be issued pursuant to a preliminary prospectus supplement filed today as part of an effective shelf registration statement filed with the Securities and Exchange Commission. Tompkins intends to grant the underwriters an option to purchase up to an additional 15% of the shares sold to cover over-allotments, if any. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed. Tompkins expects the net proceeds from the offering will be used for general working capital, which may include repayment of the TARP securities issued by VIST Financial Corporation (“VIST”) to the US Treasury in connection with the closing of its recently announced acquisition of VIST. Tompkins may temporarily invest funds that it does not immediately need for these purposes in short-term marketable securities. The precise amounts and timing of Tompkins’ use of the net proceeds will depend upon market conditions and the availability of other funds, among other factors.

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