Financial Institutions (FISI) Launches Share Offering

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Go back to Financial Institutions (FISI) Launches Share Offering

Financial Institutions, Inc. Announces Launch of Common Stock Offering

December 11, 2024 4:09 PM EST

WARSAW, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the Company), parent company of Five Star Bank and Courier Capital, LLC, announced today that it has launched an underwritten public offering of shares of its common stock. The Company intends to grant the underwriters a 30-day option to purchase additional shares of its common stock.

The Company intends to use the net proceeds from this offering for general corporate purposes which may include a balance sheet restructuring through the repositioning of a substantial portion of our... More