Tompkins Financial Corporation Reports Cash Dividend

Rhea-AI Summary

Tompkins Financial Corporation (TMP) has declared a quarterly cash dividend of $0.54 per share, set to be paid on August 13, 2021, to shareholders on record as of August 3, 2021. The company operates multiple financial services across New York and Pennsylvania and is preparing for a significant rebranding. This involves merging its banking subsidiaries into a single entity named Tompkins Community Bank, pending regulatory approval. For further details, visit www.tompkinsfinancial.com.

Positive

• Quarterly cash dividend of $0.54 per share, enhancing shareholder income.
• Planned merger of banking subsidiaries could streamline operations and improve brand recognition.

Negative

• None.

Tompkins Financial Corporation (NYSE American:TMP)

Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.54 per share, payable on August 13, 2021, to common shareholders of record on August 3, 2021.

Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Headquartered in Ithaca, NY, Tompkins Financial is parent to Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, Tompkins VIST Bank, and Tompkins Insurance Agencies, Inc., and offers wealth management services through Tompkins Financial Advisors. The Company’s banks have announced plans for a rebranding effort, pursuant to which the Company’s four wholly-owned banking subsidiaries will be combined into one bank, with The Bank of Castile, Mahopac Bank, and VIST Bank merging with and into Tompkins Trust Company, subject to regulatory approval. The combined bank will conduct business under the “Tompkins” brand name, with a legal name of “Tompkins Community Bank.” For more information on Tompkins Financial, visit www.tompkinsfinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210723005038/en/

FAQ

What is the dividend amount declared by Tompkins Financial Corporation (TMP)?

Tompkins Financial Corporation has declared a dividend of $0.54 per share.

When will the dividend be paid to shareholders of TMP?

The dividend will be paid on August 13, 2021.

What is the record date for the dividend payout for TMP?

The record date for the dividend payout is August 3, 2021.

What changes are planned for Tompkins Financial Corporation's banking subsidiaries?

The banking subsidiaries will merge into a single entity called Tompkins Community Bank, pending regulatory approval.