Financial Institutions (FISI) Registration Filing summary

Company overview and business model

• Operates as a financial holding company with $6.16 billion in assets and $5.31 billion in deposits as of September 30, 2024.

• Primary subsidiaries include a community-focused bank and an investment advisory firm serving Western and Central New York.

• Strategy emphasizes personalized service, digital and physical channel integration, and market expansion through acquisitions.

• Core customers are small- to medium-sized businesses, individuals, and community organizations seeking high-quality, locally delivered financial services.

• Maintains a strong capital position to support growth and potential M&A activity.

Financial performance and metrics

• Consolidated total assets: $6.16 billion; deposits: $5.31 billion; shareholders' equity: $500.3 million as of September 30, 2024.

• Common stock traded on Nasdaq under the symbol "FISI"; last reported price on November 20, 2024: $26.38.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, with specific uses detailed in future prospectus supplements.

• Capital position considered strong enough to support ongoing business expansion and acquisition strategy.