---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016239"
form_type: "8-K"
ticker: "FISI"
cik: "0000862831"
company_name: "FINANCIAL INSTITUTIONS INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:51:05.855683+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# FISI completes merger of HNP Capital into Courier Capital, creating larger wealth management unit

## Summary
- HNP Capital merged into Courier Capital effective May 1, 2023, both wholly-owned SEC-registered investment advisors.
- Courier Capital now has approximately $2.7 billion in assets under management, one of largest RIAs in Western NY.
- Merger streamlines delivery of wealth management services to clients of Five Star Bank and SDN Insurance Agency.
- Tom Hanlon (President, Courier Capital) and Rebecca Westervelt (Senior Managing Director) commented on enhanced offering.

## SEC filing metadata
- accession: 0000950170-23-016239
- form_type: 8-K
- ticker: FISI
- cik: 0000862831
- company_name: FINANCIAL INSTITUTIONS INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862831/000095017023016239/0000950170-23-016239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862831/000095017023016239/fisi-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016239
- JSON: https://secwatch.observer/filing/0000950170-23-016239.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016239.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.