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FINANCIAL INSTITUTIONS INC FILES (8-K) Disclosing Change in Directors or Principal Officers(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Chief Risk Officer and Implementation of Enterprise Risk Management Framework On August 19, 2014, Mr. Kenneth W. Winn departed as Executive Vice President and Chief Risk Officer of Financial Institutions, Inc. (the "Company"), the holding company for Five Star Bank ("FSB"), and his employment with the Company effectively terminated. On an interim basis, Mr. David G. Case was appointed as Senior Vice President, Interim Chief Risk Officer of the Company in addition to his current role as Chief Commercial Credit Officer. The Company has taken the initial step towards its plan to implement an enterprise risk management structure for managing company-wide risks. This structure will build upon the Company's already strong risk culture and program. The structure will more closely integrate the Company's strategic and business plans with its risk management and governance processes to actively monitor and respond to the risks and rewards of the Company's strategic and business plans within targeted parameters. -------------------------------------------------------------------------------- Top of the Form |