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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 available-for-sale debt securities portfolio to support continued growth as well as the repayment of indebtedness. Keefe, Bruyette & Woods, Inc., A Stifel Company is serving as the sole bookrunner for the offering, and Piper Sandler & Co. is acting as the co-manager. Additional Information Regarding the Offering The offering of common stock is being made pursuant to a registration statement on Form S-3 (File No. 333-283475) that was declared effective by the Securities and Exchange Commission (the “SEC”) on December 4, 2024. A preliminary prospectus supplement to which this communication relates has been filed with the SEC. A final prospectus supplement and accompanying prospectus will be filed with the SEC. Prospective investors should read the preliminary prospectus supplement and the accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and the offering. Copies of these documents are available at no charge by visiting the SEC’s website at www.sec.gov . When available, copies of the preliminary prospectus supplement, the final prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting Keefe, Bruyette & Woods, Inc., A Stifel Company by telephone at (800) 966-1559 or by e-mail at USCapitalMarkets@kbw.com . No Offer or Solicitation This press release does not constitute an offer to sell, a solicitation of an offer to sell, or the solicitation of an offer to buy any securities. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Financial Institutions, Inc. Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $6.2 billion in assets offering banking and wealth management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through banking locations spanning Western and Central New York and a commercial loan production office serving the Mid-Atlantic region. Courier Capital, LLC offers customized investment management, financial planning and consulting services to individuals and families, businesses, institutions, non-profits and retirement plans. Learn more at Five-StarBank.com and FISI-Investors.com. Special Note Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may”, “could”, “should”, “will”, “would”, “believe”, “anticipate”, “estimate”, “expect”, “aim”, “intend”, “plan” or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 under the section entitled “Risk Factors,” and other documents filed by the Company with the SEC from time to time. The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law. Investor Contact : Kate Croft Director of Investor and External Relations (716) 817-5159 klcroft@five-starbank.com
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Colorado U.S. Rep. Lauren Boebert broke new ground over the weekend when she became the first sitting member of Congress to offer personalized messages for sale — starting at $250 — through the video platform Cameo . The Windsor Republican, who won election to a new congressional seat this month after moving across the state, started the account Saturday. The website allows customers to buy personalized video messages from celebrities. On Monday morning, Boebert advertised her messages starting at $250, though she stopped taking requests by 10:45 a.m. mountain time. And by 5:30 p.m., her Cameo page appeared to have been shut down. Her office declined to comment Monday. “Whether you or someone you know needs an America-first pep talk, if you want to surprise friends or family with a message for a special day, or if you just want to know my thoughts on whatever’s on your mind, Cameo is the place to connect with me,” Boebert said in the introductory video posted on the now-inactive profile. Brandon Kazimer, a Cameo spokesperson, confirmed that the account belonged to Boebert. Kazimer said she was the first sitting member of Congress to sign up for the service as talent. At least two other former members of Congress, George Santos of New York and Matt Gaetz of Florida, have sold videos on the platform. Santos joined Cameo soon after he was expelled from Congress last year over allegations he exploited office for personal financial gain. Gaetz, who is a friend of Boebert’s, joined the service Friday, days after he withdrew his nomination by President-elect Donald Trump to be the U.S. attorney general following allegations that he paid a teenage girl for sex. Boebert does not appear to have advertised the service on her other social media accounts on X or Facebook. Congressional rules will limit how much Boebert can earn from the videos. In 2023, members were limited to making $31,815 in outside income beyond their annual $174,000 salaries. She would have to report any earnings from Cameo on her annual disclosures. The law also prohibits people from using their public office to make outside money, said Kedric Payne, a vice president and senior director of ethics for the Campaign Legal Center. Ultimately, the restriction is meant to give voters confidence that elected officials aren’t using public office for personal gain — or putting that gain ahead of their public service. Boebert described herself on Cameo as “Not your typical Colorado Republican politician. Jesus loving, Constitutionalist, America first, freedom fighter.” An earlier version of her Cameo page listed Boebert as a politician and categorized her as a political commentator, but it was updated to list her under the influencers category. Because she didn’t use her title or appear to use other facets of her public job for the videos, such as filming in her congressional office, “that should take away any concern she’s trying to use her public job for personal gain,” Payne said. He added that the limit on outside income also anticipates these kinds of problems by limiting the incentive for members to spend more effort on outside business ventures than their public service. But, he noted, people can cross that line quickly if it’s not clear if they’re acting in their public or private capacity. The earned income that’s subject to the annual cap is considered separate from passive income made through things like stock market investments, Payne said, because it is actively made by selling goods and services. “We’ll be watching to see if this becomes a trend,” Payne said of the Cameo side work. “If this is just a one-off where someone does this for a month or so, that’s one thing — but if it becomes a trend, where members of Congress are trying to act as influencers and get paid, that could point to a bigger problem.” Stay up-to-date with Colorado Politics by signing up for our weekly newsletter, The Spot.Uber Stock Slides Again. Investors' Robotaxi Fears Grow After GM Shuts Down Cruise.Things are looking a little blue these days for the Blue Man Group. Read this article for free: Already have an account? To continue reading, please subscribe: * Things are looking a little blue these days for the Blue Man Group. Read unlimited articles for free today: Already have an account? Things are looking a little blue these days for the Blue Man Group. The show — made up of nonverbal blue-painted bald men who combine intricate percussive rhythms with physical comedy — announced this week that performances are closing in Chicago and New York City, where the group first launched in 1991. The men still have shows in Las Vegas; Orlando, Florida; Boston; Chicago and Berlin, along with a tour and a show on the Norwegian Cruise Line ship. Managing Director Jack Kenn said the final gig in New York will be Feb. 2 and the last Chicago performance will be Jan. 5. Extensions often are added after such deadlines. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. “Blue Man Group is unlike anything else in the world and is undeniably one of the most recognized and successful entertainment productions because of the hardworking cast, crew and creative team. It was because of them that these shows captured millions of hearts night after night, and we give our utmost thanks,” Kenn said. Blue Man Group is currently part of the global circus giant Cirque du Soleil. Advertisement
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