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Two newcomers up for election to Financial Institutions board

Rochester Business Journal
April 2, 2014

Peter Humphrey’s connection to Financial Institutions Inc. will end next month when shareholders replace him on the company’s board of directors. Two newcomers are up for election.

The company announced Humphrey’s retirement in August 2012 after 16 years as president and CEO and 35 years at the family-owned business.

Humphrey has remained on the board since then but was not nominated for re-election.

In a proxy filed Monday with the U.S. Securities and Exchange Commission, the board recommended two newcomers to fill open seats. They are Andrew Dorn Jr., 63, chairman of the board and chief financial officer at Demand Response Partners Inc., and Robert Glaser, 67, board chairman at Freed Maxick CPAs P.C.

The board also recommended the re-election of company President and CEO Martin K. Birmingham, board Chairman John Benjamin and Rochester Business Journal President and Publisher Susan Holliday. The terms of all three expire this year.

The Warsaw, Wyoming County-based company’s annual meeting is May 7.

Humphrey’s departure in 2012 came a week and a day after the conversion of four former branches of HSBC Bank USA N.A. to Five Star Bank. Four branches acquired from First Niagara Bank N.A. were converted two months earlier.

Humphrey agreed to a two-year non-compete clause as part of his severance.

The company's roots trace back to the founding of the Bank of Geneva in March 1817, its website states. Humphrey's great-grandfather, Wolcott Humphrey, founded the Wyoming County Bank in the 1850s.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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