Financial Institutions, Inc. Appoints Angela J. Panzarella to Board of Directors

Core Viewpoint - Financial Institutions, Inc. has appointed Angela J. Panzarella as a new independent member of the Boards of Directors for both the Company and its subsidiary, Five Star Bank, effective January 22, 2025 [1][8]. Group 1: Appointment Details - Angela Panzarella brings extensive leadership experience, including her role as CEO of the YWCA of Rochester and Monroe County and a 20-year tenure at Bausch + Lomb [2]. - Her appointment increases the Board size to twelve members, with eleven being independent and three appointed in the last four years [2]. - Panzarella will serve on the Audit and Management Development & Compensation Committees [2]. Group 2: Leadership Insights - The Chair of the Boards, Susan R. Holliday, expressed confidence that Panzarella's experience in the regulated healthcare industry will be a significant asset for the Company [3]. - Martin K. Birmingham, President and CEO, highlighted her proven ability to develop successful business strategies and her respected status in the Greater Rochester community [3]. Group 3: Background Information - Prior to her role at the YWCA, Panzarella was President of ACM Medical Laboratory, Inc., and held various executive roles at Bausch + Lomb [3]. - She has served on the boards of UR Medicine Home Care and the United Way of Greater Rochester, and holds a B.A. from St. John Fisher College and a J.D. from Albany Law School [4]. Group 4: Company Overview - 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, along with a commercial loan production office in the Mid-Atlantic region [5].