trending Market Intelligence /marketintelligence/en/news-insights/trending/jlpxcmv5dprg0c_vea1kyq2 content esgSubNav
In This List

Financial Institutions closes acquisition of HNP Capital

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Financial Institutions closes acquisition of HNP Capital

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.