---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-316059"
form_type: "8-K"
ticker: "FISI"
cik: "0000862831"
company_name: "FINANCIAL INSTITUTIONS INC"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:36:17.583042+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Financial Institutions Inc. issues $80M subnotes at 6.50%, to redeem $65M higher-cost debt

## Summary
- Issued $80M of 6.50% fixed-to-floating subordinated notes due 2035; fixed rate for first 5 years, then SOFR+312bps.
- Net proceeds to redeem $65M of outstanding subnotes currently bearing ~8.1-8.2% interest, expected redemption on/about Jan 15, 2026.
- Notes rated BBB- by Kroll; CEO expects Total Risk-Based Capital ratio to be temporarily elevated ~150 bps at year-end.
- CEO says refinancing provides more attractive rates and additional capital for deployment.

## SEC filing metadata
- accession: 0001193125-25-316059
- form_type: 8-K
- ticker: FISI
- cik: 0000862831
- company_name: FINANCIAL INSTITUTIONS INC
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/0001193125-25-316059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/fisi-20251211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-316059
- JSON: https://secwatch.observer/filing/0001193125-25-316059.json
- Plain text: https://secwatch.observer/filing/0001193125-25-316059.txt

## Key facts
- Debt Financings
  FINANCIAL INSTITUTIONS INC incurred senior notes of $80.0 million in aggregate principal amount at 6.50% maturing December 15, 2035.
  - Instrument: senior notes
  - Principal: $80.0 million in aggregate principal amount
  - Rate: 6.50%
  - Maturity: December 15, 2035
  - Event: incurrence
  source text: pursuant to which the Company issued $80.0 million in aggregate principal amount of its 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035
  evidence_url: https://www.sec.gov/Archives/edgar/data/862831/000119312525316059/0001193125-25-316059-index.htm

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