5 STAR BANK SHOWS INCREASE IN NET INCOME

Five Star Bank posted a 3 percent increase Thursday in net income for the second quarter, beating analysts’ estimates by a penny.
Shares of Five Star Parent company, Financial Institutions, Inc showed earnings of nearly $6.5 million attributable to shareholders, or 47 cents a share for the quarter ended June 30th.
A year ago, the company reported net income of nearly $6.3 million, or 46 cents per diluted share.
FDIC reports indicate Five Star Bank ranks seventh in the Rochester market with local deposits of $873.6 million.

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