WARSAW, N.Y., Feb. 03, 2017 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (the “Company”) (NASDAQ:FISI) today announced that William (Bill) E. Gallagher has been named Managing Director of Scott Danahy Naylon, LLC (“SDN”), the Company’s wholly-owned insurance subsidiary. SDN is a full-service insurance agency headquartered in Amherst, New York, offering commercial, personal and employee benefit products and serving more than 7,000 clients in 45 states.
In his new role, Mr. Gallagher provides leadership in implementing SDN’s growth-focused business plan and is responsible for managing the agency office. He also continues to be an active producer focused on sales, revenue growth and business development.
Mr. Gallagher is an experienced commercial insurance professional with more than 25 years of experience. He joined SDN in 2009 and most recently served as Director of Commercial Sales. Previously he was an Account Executive at Lawley Insurance and a Client Executive at Marsh.
“We acquired SDN in 2014 to diversify and increase our revenue base and to expand retail and commercial products offered to our banking customers,” said William L. Kreienberg, Executive Vice President, Chief Corporate Development Executive and General Counsel for the Company. “Bill was instrumental in the integration of SDN into our organization and we are pleased to publicly recognize his contributions and announce this promotion. His personal credibility and experience in Western New York is very important as we continue to incorporate SDN’s products and services across our banking and wealth platforms and we look forward to his continued success.”
Mr. Gallagher is a graduate of University at Buffalo with a Bachelor of Arts degree in Political Science and History. He lives in Buffalo and has three children.
About Financial Institutions, Inc.
Financial Institutions, Inc. provides diversified financial services through its subsidiaries Five Star Bank, Scott Danahy Naylon and Courier Capital. Five Star Bank provides a wide range of consumer and commercial banking and lending services to individuals, municipalities and businesses through a network of more than 50 offices and 60 ATMs throughout Western and Central New York State. Scott Danahy Naylon provides a broad range of insurance services to personal and business clients across 45 states. Courier Capital provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Financial Institutions, Inc. and its subsidiaries employ approximately 700 individuals. The Company’s stock is listed on the Nasdaq Global Select Market under the symbol FISI. Additional information is available at www.fiiwarsaw.com.
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