Financial Institutions, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021
January 01, 2022 at 02:35 am IST
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Financial Institutions, Inc. reported net charge-offs for the fourth quarter ended December 31, 2021. For the quarter, the company reported net charge-offs were $4.7 million in the quarter as compared $587,000 in the third quarter of 2021 and $2.4 million in the fourth quarter of 2020.
Financial Institutions, Inc. is a financial holding company. The Company provides a full range of banking and related financial services to consumer, commercial and municipal customers through its bank and non-bank subsidiaries. It offers a range of deposit, lending and other financial services to individuals, municipalities and businesses in the Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region, through its banking subsidiary, Five Star Bank. Its indirect lending network includes relationships with franchised automobile dealers in Western and Central New York, the Capital District of New York, and Northern and Central Pennsylvania. It offers customized investment advice, wealth management, investment consulting and retirement plan services through its subsidiary, Courier Capital, LLC.
FINANCIAL INSTITUTIONS, INC. 
