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M & A

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Canandaigua National Corporation
Actual Acquirer:
Canandaigua National Bank & Trust Company
Target:
Trust division
Seller:
Financial Institutions, Inc.
Deal Type:
Securities & Investments Company
Agreement Date:
3/28/2006
Announcement Date:
3/31/2006
Announced Deal Value ($ M):
1.10
Announced Deal Value Per Share ($ )
NA
Status:
Completed
Completion Date:
9/29/2006

Consideration Breakout
Unclassified ($M) 1.1

Deal Terms
Description of Consideration

Canandaigua National paid $1.1 million for the trust business of Financial Institutions Inc.

Percent Acquired (%) NA
Purchase Method Purchase
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes DWQ Associates Ltd.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Boylan Brown Code Vigdor
Seller Yes Edwards Wildman Palmer LLP