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Stock impact report

Five Star Bank Provides Financing and Equity Investment for Affordable Housing Development in Rochester, NY

Financial Institutions, Inc. (FISI) 
Last financial institutions, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1016825
Company Research Source: GlobeNewswire
WARSAW, N.Y., April 11, 2019 (GLOBE NEWSWIRE) -- Five Star Bank (the “Bank”), subsidiary of Financial Institutions, Inc. (Nasdaq: FISI), announced that it has provided $8.1 million of construction loan financing and $5.8 million in Low Income Housing Tax Credit equity for the development of VOC Liberty Landing, a 33-unit affordable apartment project in Rochester, NY. VOC Liberty Landing is being developed by Conifer Realty, LLC and is a joint venture with the Rochester Veteran’s Outreach Center (VOC). The development will be built on a vacant parcel in the City of Rochester's Center City District, designated as a Neighborhood Improvement Area, a City of Rochester Empire Zone, and a HUD Renewal Community. The general contractor for the project is Conifer ? LeChase Construction. Groundbreaking for the project was held on Friday, April 5th. Show less Read more
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