Financial Institutions Inc. closed its acquisition of HNP Capital LLC, a Pittsford, N.Y.-based wealth management firm.
HNP Capital will operate as a subsidiary of Financial Institutions and as an affiliate of Financial Institutions' units Five Star Bank, Scott Danahy Naylon Co. Inc. and Courier Capital LLC.
As of March 31, Financial Institutions had $4.15 billion in assets, while HNP Capital had approximately $334 million of assets under management.
