Five Star Bank's Parent Files $100M Shelf Offering

Financial Institutions Inc. in Warsaw, N.Y., has filed to sell up to $100 million in debt and equity.

The $3 billion-asset company's registration statement includes common and preferred stock and senior and subordinated debt. No timetable was provided for selling the securities.

The company, which operates Five Star Bank, said in its filing that any net proceeds could be used for organic growth or buying branches or whole banks, among other things.