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Stock Market & Financial Investment News

News Breaks
May 28, 2014
16:09 EDTFISIFinancial Institutions to acquire Scott Danahy Naylon insurance agency
Financial Institutions, the parent company of Five Star Bank, announced that it has entered into a definitive agreement to acquire Scott Danahy Naylon Co., a full service insurance agency located in Amherst, NY. SDN provides a broad range of insurance services to both personal and business clients. Upon closing of the acquisition, SDN will operate as a subsidiary of Financial Institutions and an affiliate of Five Star Bank. The transaction is subject to the customary closing and licensing conditions and is expected to close early in the third quarter of 2014.
News For FISI From The Last 14 Days
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November 19, 2014
16:09 EDTFISIFinancial Institutions raises quarterly dividend by 5% to 20c per share
Financial Institutions announced that its board has approved a quarterly cash dividend of 20c per outstanding common share, which represents a 5% increase from the most recent quarterly cash dividend. The company also announced dividends of 75c 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 January 2, 2015 to shareholders of record as of December 12, 2014.

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