Financial Institutions, Inc..
FISI.US | Other monetary intermediation
Financial Institutions, Inc. operates as the holding company for Five Star Bank that provides banking and financial services to individuals, businesses, and municipalities in Western and Central New York. It operates through Commercial Banking, Retail Banking, and Investment Advisors segments. The C...Show More
Better Health for All
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The company's principal goods and services are banking and financial services, which have no direct positive or negative health impact. No revenue is generated from products with direct negative health outcomes, and the nature of its services means there are no direct safety implications for physical or mental health. The company does not offer health-related products or services requiring accessibility considerations, nor does its business model directly involve serving vulnerable populations with health needs. There is no evidence of health risks requiring disclosure or transparency, or R&D focused on health-related outcomes. The company's operations do not generate significant health externalities, nor do they involve health equity considerations, healthcare workforce development, preventative health or treatment activities, or the collection or management of health-related data. The business operations are not directly relevant to health crisis response, and its activities do not substantially affect mental health outcomes. The company does not hold healthcare-related patents, produce food/nutritional products, have products with addiction potential, or conduct clinical trials or health research. The financial literacy programs mentioned are not direct health education initiatives.
Fair Money & Economic Opportunity
-40
The company settled civil litigation related to its auto loan notification process for repossession notices issued between 2011 and 2021, recording a litigation accrual of $23.0 million in Q4 2024.
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However, a Community Reinvestment Act (CRA) evaluation as of April 18, 2022, found the bank in compliance with anti-discrimination laws and regulations, with no evidence of discriminatory or other illegal credit practices identified.
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The bank originated 30 SBA 7(a) loans totaling $5.2 million in the fiscal year ended September 30, 2022.
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With total loans of $4.55 billion as of March 31, 2025,
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these SBA loans represent approximately 0.11% of the total loan portfolio. The bank's qualified community development loans totaled $113.9 million, with $102.1 million within assessment areas, and 49.6% of these loans supported affordable housing.
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Total qualified investments were $100.3 million, with $51.5 million in Low-Income Housing Tax Credits.
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The bank provided 217 grants and donations totaling $1,448,846.
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The bank operates 49 branch locations, with 3 (6.1%) in low-income census tracts and 7 (14.3%) in moderate-income census tracts.
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It also has 55 ATMs, with 4 (7.3%) in low-income and 11 (20.0%) in moderate-income census tracts.
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The bank partners with nonprofit organizations to provide grant funding for financial education, such as Literacy Volunteers of Cayuga County's Digital Literacy Program and Native American Community Services of Erie & Niagara Counties' SAGE program.
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Fair Pay & Worker Respect
20
For the 2024 fiscal year, the CEO pay ratio for Financial Institutions Inc. (FISI) was 23:1.
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The CEO, Martin K. Birmingham, received $1,408,963 in total compensation, while the median employee pay was $60,967.
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This ratio is significantly lower than the 2023 average CEO-to-worker pay ratio of 268:1 for S&P 500 companies.
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Fair Trade & Ethical Sourcing
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Financial Institutions, Inc. (FISI.US) operates as a banking and financial services company. The provided articles indicate that the company does not procure or trade physical commodities, nor does it have a traditional supply chain that would necessitate fair-trade certifications, sourcing audits, traceability, or remediation processes for physical goods.
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Therefore, several KPIs under 'Fair Trade & Ethical Sourcing' are not applicable to its business model. While a Third-Party Vendor Code of Conduct exists, there is no specific data on the percentage of contracts with enforceable ethical-sourcing clauses or the percentage of the procurement budget directed to diverse suppliers.
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Honest & Fair Business
-40
The company has a formal whistleblower policy and an HR hotline available, but there is no evidence regarding independent investigation processes, training, or uptake.
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A Code of Business Conduct and Ethics Policy is in place and reviewed annually, along with specific Codes of Ethics for the CEO, CFO, and Financial Officers, and a Related Party Transactions Policy.
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However, there is no information on the frequency or effectiveness of training for these policies, or their scope. An independent registered public accounting firm, RSM US LLP, has been selected for audit, indicating some level of third-party verification, but the extent of coverage for ethical claims is not specified.
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Kind to Animals
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Financial Institutions, Inc. (FISI.US) is a service-oriented financial institution.
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The provided articles contain no specific evidence of the company's direct involvement in activities related to animal testing, animal-derived products, animal husbandry, or direct wildlife impact.
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Therefore, all KPIs related to these activities are scored as N/A, indicating that they are not applicable to the company's core business model.
No War, No Weapons
0
The provided articles do not contain any specific, concrete data points or facts related to Financial Institutions, Inc.'s involvement in arms manufacturing, military contracts, conflict facilitation, or peacebuilding initiatives. The articles explicitly state that no data is available for the relevant metrics or focus on unrelated financial information.
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Therefore, no KPIs under the 'No War, No Weapons' value can be scored based on the evidence provided.
Planet-Friendly Business
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The provided articles do not contain specific, quantitative data points for any of the Planet-Friendly Business KPIs. Information regarding Scope 1, 2, or 3 emissions, SBTi-aligned targets, renewable energy usage, water use per revenue, green-certified buildings, waste diversion rate (as a percentage), capital expenditure aligned with EU taxonomy, lifecycle impact analysis, recycled to virgin material ratio, carbon offset quality, climate-positive initiatives, supply chain climate transparency, supplier SBTi targets, biodiversity efforts, deforestation policy, environmental compliance violations, environmental impact assessments, net-zero targets, TCFD alignment, climate scenario analysis, stranded assets transparency, water from stressed basins, packaging CO2 reduction, climate justice initiatives, just transition programs, or climate adaptation financing is explicitly stated as not provided or unavailable.
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While Article 0 mentions waste diversion in absolute tons and GHG elimination from waste programs, it does not provide the total waste generated or total GHG emissions required to score the respective KPIs.
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Respect for Cultures & Communities
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The company has no reported cultural appropriation incidents.
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Additionally, there is no mention of a formal cultural impact assessment protocol.
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Given the company's business model as a financial institution, these aspects are considered not directly applicable to its core operations.
Safe & Smart Tech
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The provided articles discuss general industry trends, regulatory expectations, and best practices related to safe and smart technology in the financial sector, particularly concerning AI, cybersecurity, and data protection. However, there is no specific, concrete evidence or quantitative data directly pertaining to Financial Institutions, Inc. (FISI.US) for any of the assessed KPIs. Information such as the company's data breach history
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, AI ethics governance
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, cybersecurity investment as a percentage of revenue
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, privacy certifications
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, security training effectiveness
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, encryption implementation
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, AI audit practices
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, algorithmic transparency
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, unauthorized data use incidents
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, user data control mechanisms
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, authentication security
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, vulnerability management
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, bug bounty programs
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, privacy by design integration
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, security testing coverage
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, data minimization practices
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, algorithmic harm remediation
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, or digital rights advocacy
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is not provided for FISI.US. Therefore, no KPIs can be scored based on the available evidence.
Zero Waste & Sustainable Products
-50
Financial Institutions, Inc. recycled 124.97 US short tons of paper in 2023 and 114.76 US short tons in 2022.
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The company also implemented a waste reduction program that eliminated 72 metric tons of greenhouse gas in the initial six months of 2022 and 99 metric tons in 2023.
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The company encourages environmentally friendly practices at its office locations, including reducing water waste, paper, and plastics. However, the company was allegedly responsible for releasing toxic and hazardous waste from the Mahwah assembly plant into mine pits and other areas on the Ringwood Mines Landfill Site, beginning in 1965.
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The Ringwood Mines Landfill Site was designated a hazardous waste Superfund Site by the EPA in 1987 and re-listed in September 2006 after additional deposits of paint sludge were discovered.
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