WARSAW, N.Y., June 21, 2017 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), the parent company of Five Star Bank, Scott Danahy Naylon, LLC and Courier Capital, LLC, announced today that Donald K. Boswell was elected to the Board of Directors at the Company’s 2017 Annual Meeting of Shareholders held earlier today.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e828293c-52c6-4218-8ede-0e23fc7add30.
“We are very pleased to welcome Don Boswell to our Board,” said Robert N. Latella, Chairman. “He has a strong governance background, senior leadership experience in Western New York, and a demonstrated commitment to serving the communities in which we operate. He also brings meaningful bank board experience as a result of his past service on the board of HSBC Bank USA, N.A. We welcome the knowledge and perspective that he will add to our Board.”
Mr. Boswell is President and CEO of the Western New York Public Broadcasting Association (WNED-TV/AM/FM). He is a public broadcasting veteran and held positions with North Texas Public Broadcasting Inc. in Dallas, KCTS in Seattle, and WVIA-TV/FM in Pittston, Pennsylvania prior to joining WNED in 1998.
Mr. Boswell currently serves on the following not-for-profit boards: AAA of Central and Western New York, Inc; American Friends for the Art Gallery of Ontario; Buffalo Niagara Convention & Visitors Bureau; 43 x 79 Group; and HealthNow New York, Inc. He also serves as Vice Chair of the PBS board and Vice Chair of the PBS Nominating & Corporate Governance committee. He is a member of the PBS Executive, Finance and Diversity Advisory committees and the Investment Subcommittee, and is on the PBS Foundation Board and the Foundation Endowment Fund Committee. Mr. Boswell also serves on the board for New Era Cap Company.
Andrew W. Dorn, Jr. (Co-Managing Director and Director of Government and Community Relations of Energy Solutions Consortium, LLC), Robert M. Glaser (President of Glaser Consulting, LLC) and Susan R. Holliday (Chief Executive Officer of Dumbwaiter Design, LLC) were also re-elected to the Board of Directors at the Meeting.
In other business conducted at the 2017 Annual Meeting, shareholders:
- Approved on an advisory basis the compensation of the Company’s named executive officers; and
- Ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2017.
Additional details regarding the results of the 2017 Annual Meeting will be contained in a Current Report on Form 8-K that the Company will file with the Securities and Exchange Commission (SEC) later this week. This filing may be obtained without charge by visiting the SEC’s website at www.SEC.gov or the Investor Relations section of our corporate website at www.fiiwarsaw.com.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, Scott Danahy Naylon, LLC (“SDN”) and Courier Capital, LLC (“Courier Capital”). Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities and businesses through a network of more than 50 offices and 60 ATMs throughout Western and Central New York State. SDN provides a broad range of insurance services to personal and business clients across 45 states. Courier Capital provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 650 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.
CONTACT: For additional information contact: Shelly J. Doran (585) 627-1362 [email protected]