The board of TompkinsFinancial Corp., a $5.92 billion-bank based in Ithaca, N.Y., authorizeda new stock repurchase program of up to 400,000 common shares, par value 10 centsper share.

The program, expected to be completed over the next 24 months,replaces the existing400,000 share repurchase program, which Tompkins authorized in July 2014.

Repurchases may be made on the open market or in privately negotiatedtransactions, according to a July 22 news release.