{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-106821","form_type":"8-K","ticker":"FISI","cik":"0000862831","company_name":"FINANCIAL INSTITUTIONS INC","filed_at":"2024-09-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.069374+00:00","generated_at":"2026-05-31T04:49:06.547162+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Financial Institutions, Inc. to wind down BaaS, refocus on core franchise","bullets":["BaaS wind-down after strategic review; June 30: ~2% of deposits ($108M), <1% of loans ($31M); targeted by 2025.","Of 12 BaaS partnerships, 4 live, 2 onboarding, 4 not testing, 2 offboarding; all personnel retained for core banking.","Financial impact immaterial; decision driven by modest contribution, regulatory expectations, and required investments.","Company refocuses on community banking, commercial lending, and wealth management growth."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-106821","json":"https://secwatch.observer/filing/0000950170-24-106821.json","markdown":"https://secwatch.observer/filing/0000950170-24-106821.md","text":"https://secwatch.observer/filing/0000950170-24-106821.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862831/000095017024106821/0000950170-24-106821-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862831/000095017024106821/fisi-20240916.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T04:49:06.547162+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}