WARSAW, NY, Aug. 22, 2022 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company” or “we”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency , LLC, Courier Capital, LLC and HNP Capital, LLC, today announced the appointment of Bruce W. Harting as a new independent member of its Board of Directors, effective immediately.
Mr. Harting, who most recently served as the team’s Chief Investment Officer, Private Wealth Advisor at Rockefeller Capital Management, has dedicated decades of service to his investment banking and equity research clients. through many economic cycles during his career.
“We are very pleased to welcome Bruce Harting to the Boards of Directors of Financial Institutions, Inc. and Five Star Bank,” said Susan R. Holliday, Chairman of the Boards of the Company and the Bank. . “Bruce is a seasoned executive whose business development expertise, understanding of capital markets and experience in the financial services industry will be invaluable as we continue to execute our long-term strategic plan and growth strategy. growth.”
“Bruce’s exceptional skills and deep experience broaden the reach of our diverse and talented Board of Directors,” said Martin K. Birmingham, President and Chief Executive Officer of the Company and the Bank. “For more than 35 years, he has been a leader in the financial services industry, both as a sell-side research analyst and an investment banker. We are very fortunate to welcome him to our Board of Directors and look forward to his guidance and contributions as we continue to grow.
Mr. Harting’s appointment increases the size of the Company’s Board of Directors to twelve members, eleven of whom are independent. He is the sixth board member added since 2016, in line with the company’s commitment to board refreshment. As a financial expert with a strong background in strategic development, leadership, the regulated financial services industry and risk oversight, Mr. Harting will serve on the Audit and Risk Oversight Committees.
Prior to joining Rockefeller Capital, Mr. Harting was Managing Director and Head of North American Commercial Banking Coverage in Deutsche Bank’s Investment Banking Group. Previously, he was Managing Director of Investment Banking at Credit Suisse and Barclays Capital, covering banks and specialist financial firms. Mr. Harting spent the first 25 years of his career as an equity analyst at Barclays, Lehman Brothers, Salomon Brothers and Kidder Peabody. He was the senior equity research analyst for U.S. specialty financial firms at Lehman and Barclays.
A CFA® Charterholder, Mr. Harting is a graduate of American University and earned a master’s degree in political science from the University of Pennsylvania.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital “). Five Star Bank offers a wide range of consumer and business banking and lending services to individuals, municipalities and businesses through a network of more than 45 offices in Western and Central New York State and a commercial loan origination office in Ellicott City (Baltimore), Maryland. SDN offers a wide range of insurance services to individuals and businesses. Courier Capital and HNP Capital provide personalized investment management, investment advisory and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 650 people. The Company’s shares are listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.
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