Financial Institutions announces leadership realignment, workforce reduction of 3.4%, targeting $6M in annual savings

FINANCIAL INSTITUTIONS INC

Sean Willett (EVP, CAO) resigning to become CEO of another bank; remains through Dec 31, 2023.
Justin Bigham (EVP, Chief Community Banking) resigns; receives $250,000 severance lump sum.
Reid Whiting promoted to new Chief Banking Officer; Blake Jones added to executive leadership team.
COO, product, tech areas move under CFO Plants; risk head Pacos oversees credit; HR head Collins takes training.
Restructuring reduces workforce by ~3.4% and targets $6M annual noninterest expense savings.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Justin K. Bigham

Executive Vice President and Chief Community Banking Officer

FISI · FINANCIAL INSTITUTIONS INC

Effective: 2023-12-08
Filed: December 8, 2023, 6:59 PM ET

announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.

Departed

Sean M. Willet

Executive Vice President and Chief Administrative Officer

FISI · FINANCIAL INSTITUTIONS INC

Effective: 2023-12-31
Filed: December 8, 2023, 6:59 PM ET

announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Justin K. Bigham resigned as Executive Vice President and Chief Community Banking Officer at FINANCIAL INSTITUTIONS INC.

Action: resigned
Role: Executive Vice President and Chief Community Banking Officer

Exact text from the filing

announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sean M. Willet resigned as Executive Vice President and Chief Administrative Officer at FINANCIAL INSTITUTIONS INC.

Action: resigned
Role: Executive Vice President and Chief Administrative Officer

Exact text from the filing

announced the resignations of Sean M. Willet, Executive Vice President and Chief Administrative Officer, and Justin K. Bigham, Executive Vice President and Chief Community Banking Officer.

View on SEC.gov

FINANCIAL INSTITUTIONS INC filing history →

Source: SEC EDGAR

accession 0000943374-23-000477

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.