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Financial Institutions (FISI) in Warsaw, N.Y. has agreed to buy Scott Danahy Naylon, an insurance agency in Amherst, N.Y.
May 28 -
Financial Institutions in Warsaw, N.Y., has named a new chief financial officer.
April 16 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14
Financial Institutions in Warsaw, N.Y., is overhauling its risk-management structure, while also looking for a new executive to handle such duties.
The $3 billion-asset company
Financial Institutions also disclosed that has taken steps to implement an enterprise risk management structure that "will more closely integrate the company's strategic and business plans with its risk management and governance processes." The filing said the goal is to actively monitor and respond to the "risks and rewards" of the company's strategic and business plans within targeted parameters.
A Financial Institutions spokesman said that Winn's departure was a "mutual decision" that was made in relation to the new structure. He said there is no timetable for selecting a permanent chief risk officer, though the company is making "good speed in its search." He also said there is no target date for fully implementing the new risk management structure.