trending Market Intelligence /marketintelligence/en/news-insights/trending/r42fdspcb-afyicbbqxnyw2 content esgSubNav
In This List

Financial Institutions Inc. to reduce board size

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


Financial Institutions Inc. to reduce board size

Erland Kailbourne will not stand for re-election as a Financial Institutions Inc. director when his term expires at the company's annual shareholder meeting June 20.

His decision to not stand for re-election was not due to any disagreement with the company.

The Warsaw, N.Y.-based company has decided to decrease the size of its board to 11 members from 12. The decrease will be effective upon Kailbourne's departure from Financial Institutions' board.

Kailbourne has served as a director on Financial Institutions' board since 2005.