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Financial Institutions in Warsaw, N.Y., has named a new chief financial officer.
April 16 -
Financial Institutions (FISI) has ended its months-long search for a new chief executive with the promotion of an insider.
February 20
Financial Institutions (FISI) in Warsaw, N.Y. has agreed to buy Scott Danahy Naylon, an insurance agency in Amherst, N.Y.
Scott Danahy provides a personal and business insurance services to more than 6,000 clients in 44 states. Under the terms of the agreement, the agency will operate as a subsidiary of Financial Institutions.
The acquisition "is a strategically important first step to diversify our revenue base by increasing noninterest income" while providing a scalable platform that will support "our future growth in insurance sales," Martin Birmingham, Financial Institutions president and chief executive, said in a press release Wednesday. Birmingham
The $2.7 billion-asset Financial Institutions said it expects to complete the acquisition early in the third quarter.
