Five Star Bank Names Timothy Perrotta Senior Vice President and Director of Human Resources

Rhea-AI Summary

Five Star Bank, a subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), has appointed Timothy Perrotta as Senior Vice President and Director of Human Resources. Perrotta, who joined the Bank in 2018, will oversee all HR functions following his successful management of HR responsibilities earlier this year. His past experience includes a managerial role at Wegmans Food Market, and he holds an MBA from the University of Rochester. President and CEO Martin K. Birmingham praised Perrotta's leadership and contributions towards the company's professional development.

Positive

• Timothy Perrotta's promotion to Senior VP and HR Director indicates strong internal leadership and continuity.
• Perrotta's past experience in compensation management at Wegmans highlights his qualifications.
• The company's focus on professional development and succession planning reflects a commitment to long-term growth.

Negative

• None.

WARSAW, N.Y., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Five Star Bank (the “Bank”), subsidiary of Financial Institutions, Inc. (NASDAQ:FISI), announced today that Timothy Perrotta has been named Senior Vice President and Director of Human Resources. In this role, Perrotta assumes leadership of all Human Resources functions.

President and CEO Martin K. Birmingham said, “Tim effectively assumed additional HR management responsibilities earlier this year, and his proven leadership in carrying out those responsibilities, combined with his important contributions to the Company’s professional development and succession plans, demonstrate his readiness to lead our HR organization.”

Perrotta joined Five Star Bank in June 2018 as Manager of Total Rewards, leading the Bank’s compensation, benefits, human resources information system and payroll teams. He has also worked extensively with the Board’s Management Development & Compensation Committee. Prior to joining Five Star Bank, he was Compensation Administration Manager at Wegmans Food Market, Inc. where he provided company-wide leadership of compensation programs for 45,000 employees.

Perrotta is a graduate of Nazareth College and received his MBA in Finance and Competitive Strategy from the Simon Business School at the University of Rochester. He has been recognized as a Senior Certified Professional by the Society for Human Resources Management. His community involvement includes past service on the Board of Directors for Leadership Rochester and the Child Care Council of Rochester and he also served on the HR Advisory Committee supporting Mary Cariola Children’s Center.

Perrotta is based in Rochester at Five Star Bank’s Regional Administrative Center at Five Star Bank Plaza.

About Five Star Bank and Financial Institutions, Inc.

Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities, and businesses through a network of more than 50 offices throughout Western and Central New York State. Additional Five Star Bank information is available at www.five-starbank.com and on Twitter, Instagram and Facebook.

Five Star Bank, SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”) are subsidiaries of Financial Institutions, Inc. SDN provides a broad range of insurance services to personal and business clients. Courier Capital and HNP Capital provide customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 650 individuals. Financial Institutions, Inc. stock is listed on the NASDAQ Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.

For additional information contact:
Shelly J. Doran
(585) 627-1362
sjdoran@five-starbank.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b514158d-433a-40ee-be40-5e8ccba3d657

FAQ

Who has been appointed as Senior Vice President and Director of Human Resources at FISI?

Timothy Perrotta has been named Senior Vice President and Director of Human Resources at Financial Institutions, Inc. (FISI).

What are Timothy Perrotta's qualifications?

Timothy Perrotta holds an MBA in Finance and Competitive Strategy from the Simon Business School at the University of Rochester and is recognized as a Senior Certified Professional by SHRM.

When did Timothy Perrotta join Five Star Bank?

Timothy Perrotta joined Five Star Bank in June 2018.

What role did Perrotta hold before becoming HR Director at FISI?

Before his promotion, Perrotta was the Manager of Total Rewards at Five Star Bank.

What is Financial Institutions, Inc.'s stock symbol?

Financial Institutions, Inc. is listed on NASDAQ under the symbol FISI.