Tompkins Financial Corporation Reports Increased Cash Dividend

Rhea-AI Summary

Tompkins Financial Corporation (NYSE American: TMP) has declared a quarterly cash dividend of $0.57 per share, to be paid on November 15, 2021, for shareholders of record on November 2, 2021. This marks a 5.6% increase compared to the previous quarter's dividend. The company, headquartered in Ithaca, NY, serves the Central, Western, and Hudson Valley regions of New York and Southeastern Pennsylvania. Additionally, Tompkins Financial is merging its banking subsidiaries into a single entity named Tompkins Community Bank.

Positive

• Declared a quarterly cash dividend of $0.57 per share.
• Dividend increased by $0.03 or 5.6% from the previous quarter.
• Plans to rebrand and merge four banking subsidiaries into Tompkins Community Bank, which may streamline operations and enhance brand recognition.

Negative

• None.

ITHACA, N.Y.--(BUSINESS WIRE)-- 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 $0.57 per share, payable on November 15, 2021, to common shareholders of record on November 2, 2021. The dividend amount represents an increase of $0.03 or 5.6% over the dividend paid in the third quarter of 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. 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/20211022005051/en/

Stephen S. Romaine, President & CEO

Francis M. Fetsko, Executive VP, CFO & COO

Tompkins Financial Corporation (888) 503-5753

Source: Tompkins Financial Corporation

FAQ

What is the dividend amount for Tompkins Financial (TMP) in 2021?

Tompkins Financial declared a quarterly cash dividend of $0.57 per share.

When will the next dividend be paid for TMP?

The next dividend will be paid on November 15, 2021.

What was the percentage increase in the dividend from the previous quarter?

The dividend increased by 5.6% from the previous quarter.

What is Tompkins Financial's plan regarding its banking subsidiaries?

Tompkins Financial plans to merge its banking subsidiaries into one entity called Tompkins Community Bank.