| Business Summary | | Financial
Institutions,
Inc.
is
a
community
bank
holding
company
that
owns
multiple
community
banks,
all
of
which
are
separately
managed.
The
Company
owns
four
commercial
banks,
Wyoming
County
Bank,
The
National
Bank
of
Geneva,
The
Pavilion
State
Bank
and
First
Tier
Bank
&
Trust,
which
provide
consumer,
commercial
and
agricultural
banking
services
in
Western
and
Central
New
York
State.
The
Company
is
also
the
parent
company
of
The
FI
Group,
Inc.,
a
brokerage
subsidiary.
Financial
's
strategy
has
been
to
manage
its
bank
subsidiaries
on
a
decentralized
basis. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FISI
is
a
multiple
bank
holding
company
which
owns
four
commercial
banks
that
provide
consumer,
agricultural
and
commercial
banking
services
in
western
and
central
N.Y.
For
the
six
months
ended
6/30/01,
interest
income
rose
21%
to
$54.9
million.
Net
interest
income
after
LLP
rose
16%
to
$27.7
million.
Net
income
applicable
to
Common
rose
16%
to
$9.2
million.
Results
reflect
higher
earning
assets,
partially
offset
by
increased
interest
expenses
and
higher
salaries
and
benefits
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter Humphrey, 46 Chairman,
Pres, CEO | $475K | Ronald Miller, 50 CFO,
Sr. VP | -- | Jon Cooper, 48 Sr.
VP of Financial Institutions, Pres and CEO of WCB & Dire | 254K | W. Humphrey III, 50 Sr.
VP of Financial Institutions, Pres of PSB | 205K | Thomas Kime, 47 Sr.
VP of Financial Institutions, Pres of NBG | 289K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|