Financial Institutions, Inc. Announces Launch of Common Stock Offering

Group 1 - Financial Institutions, Inc. has launched an underwritten public offering of shares of its common stock and intends to grant underwriters a 30-day option to purchase additional shares [1] - The net proceeds from the offering will be used for general corporate purposes, including balance sheet restructuring and repayment of indebtedness [2] - Keefe, Bruyette & Woods, Inc. is the sole bookrunner for the offering, with Piper Sandler & Co. acting as co-manager [2] Group 2 - The offering is made pursuant to a registration statement on Form S-3, which was declared effective by the SEC on December 4, 2024 [3] - A preliminary prospectus supplement has been filed with the SEC, and a final prospectus supplement will also be filed [3] Group 3 - Financial Institutions, Inc. is a financial holding company with approximately $6.2 billion in assets, offering banking and wealth management products and services [5] - Its subsidiary, Five Star Bank, provides consumer and commercial banking services across Western and Central New York [5] - Courier Capital, LLC offers customized investment management and financial planning services [5]