| FISI Description: Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides banking and financial services to individuals, municipalities, and businesses. The company operates in two segments, Banking and Insurance. The Banking segment includes retail and commercial banking operations. This segment offers checking and savings account programs, including money market accounts, certificates of deposit, and sweep investments, as well as individual retirement, NOW, and other accounts. It also provides short and medium-term commercial loans for businesses for working capital, business expansion, and the purchase of equipment; commercial business loans to the agricultural industry for short-term crop production, farm equipment, and livestock financing; commercial mortgage loans for the purchase of real property; and one-to-four family residential mortgage and real estate loans. In addition, this segment offers consumer automobile loans, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, personal loans, and deposit account collateralized loans. The Insurance segment provides personal insurance, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance, such as property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services comprising life and disability insurance, Medicare supplements, long-term care services, annuities, mutual funds, and retirement programs across 44 states. Financial Institutions, Inc. also invests in various securities; and offers investment management and consulting services. As of February 25, 2016, the company offered its products and services through a network of approximately 50 offices and 60 ATMs in Western and Central New York State. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York. |
