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Tompkins Insurance Agencies

July 24, 2020 - 2:14pm

Press release:

ITHACA -- Tompkins Financial Corporation (NYSE American: TMP), parent company of Tompkins Bank of Castile, Tompkins Insurance Agencies, and Tompkins Financial Advisors, today reported record year-to-date and second quarter earnings.

The company also has announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.52 per share, payable on Aug. 14, to common shareholders of record on Aug. 3, 2020, and has authorized a new stock repurchase program.

Tompkins Financial Corporation reported diluted earnings per share of $1.44 for the second quarter of 2020, up 13.4 percent compared to $1.27 reported in the second quarter of 2019. Net income for the second quarter of 2020 was $21.4 million, compared to $19.4 million reported for the same period in 2019. 

For the year-to-date period ended June 30, 2020, diluted earnings per share were $1.97, down 25.1 percent from the same period in 2019. Year-to-date net income was $29.4 million, down from $40.4 million, for the same period in 2019. Results for the 2020 year-to-date period were negatively impacted by economic stress resulting from the COVID-19 pandemic, which contributed to the $16.3 million provision for credit losses recognized during the first quarter of 2020.

"We are pleased to report strong financial results for the quarter despite a very challenging business climate," said Stephen S. Romaine, president & CEO. "Although the longer term impact of the pandemic and related economic conditions are still unknown, there have been several recent positive trends noted with certain national economic indicators, such as reduced levels of unemployment, improving retail sales and improving consumer confidence.

"At Tompkins, we have seen several positive trends as well, with very strong mortgage application volumes in the second quarter, higher levels of debit card spending, and favorable credit quality measures when compared to last quarter. We are encouraged by some of these recent favorable trends, though the recent rise in COVID-19 cases nationally makes it clear that much uncertainty remains. We will remain vigilant in monitoring risk trends as we navigate these challenging times.”  

For full details, you can access the online versions through the links below.

About Tompkins Financial Corporation

Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Tompkins Financial operates in Western New York as Tompkins Bank of Castile, Tompkins Insurance Agencies, and Tompkins Financial Advisors. Further information is available at www.tompkinsfinancial.com

Tompkins Bank of Castile is a community bank with 16 offices in the five-county Western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing. Further information about the bank is available on its website, www.bankofcastile.com.

Tompkins Insurance Agencies Inc., offers personalized service, local decision-making and a broad range of services for consumers and businesses. It is an independent insurance agency offering personal and business insurance and employee benefits services through more than 50 different companies. The firm operates six offices in Central New York, 16 offices in Western New York and seven offices in Southeast Pennsylvania. Further information is available at www.tompkinsins.com

Tompkins Financial Advisors is the wealth management firm of Tompkins Financial Corporation. With more than a century of experience in helping clients to build, protect, and preserve wealth, Tompkins Financial Advisors provides financial planning, investment management, trust services and estate administration. For more information, visit www.tompkinsfinancialadvisors.com.

July 17, 2020 - 3:16pm

Submitted photo and press release:

In an effort to brighten the day for local frontline workers during the COVID-19 pandemic, Tompkins Bank of Castile, Tompkins Insurance Agencies and Tompkins Financial Advisors donated 3,400 Oliver’s Candy Bars to the Rochester Regional Health Staff.

The sweet treat will be handed out to all employees as a way to say "Thank You!"

Pictured from left are: Steve Beardsley, senior vice president, Commercial Banking regional manager, presents Jim Creighton and Gina Burden-Rambert of Rochester Regional Health with 3,400 candy bars to distribute to their staff.

May 1, 2020 - 12:45pm
posted by Billie Owens in business, Tompkins Insurance Agencies.

Submitted photo and press release:

Tompkins Insurance Agencies is pleased to announce that Nick Mroz has been recently hired as a commercial insurance account executive.

He will serve the Western New York region out of the agency’s Batavia office at 90 Main St. 

Mroz has 17 years of experience in the financial services and Insurance industry. He was formerly employed by Five Star Bank.

Mroz holds his Life & Health and Property & Causality insurance licenses, and FINRA series 6 and 63 securities licenses. 

He attended Pierce Community College in Tacoma, Wash., and served in the Army.

Mroz and his family reside in Medina, where he is a member of the Medina YMCA, American Legion, and VFW.

April 1, 2020 - 3:36pm

Press release:

In an effort to assist its employees with unexpected financial burdens faced during the current COVID-19 crisis, Tompkins Financial is offering a discount loan program to non-executive Tomkins employees who have encountered increased expenses or decreased income. These include spouse or domestic partner’s job loss, and unexpected costs for elder care or child care.

In addition, Tompkins has instituted a premium of up to 25 percent additional pay for employees whose essential work requires them to be on-site.

“Banks have been deemed to provide an essential service to our customers and communities and this is a way we can show our appreciation to our employees,” said John McKenna, president and CEO. “We understand that while we as a company are fortunate enough to maintain our workforce during this time, our team members may have spouses or partners who experience job loss.

"We also appreciate that they may experience unexpected costs related to the pandemic. We want our team members to know that Tompkins is standing by them in the same way they are standing by our customers.”

The premium pay model will apply to both exempt and non-exempt non-executive employees whose work requires them to report to a Tompkins location to perform essential job duties.

About Tompkins Bank of Castile

Tompkins Bank of Castile is a community bank with 15 offices in the six-county Western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing. In addition, insurance is offered through an affiliate company, Tompkins Insurance Agencies, Wealth management, trust and investment services are provided through Tompkins Financial Advisors. Further information about the bank is available on its website, www.bankofcastile.com.

September 30, 2019 - 1:29pm

Press release:

Tompkins Insurance Agencies has received the 2019 Excellence in Social Media Award from the National Association of Professional Insurance Agents (PIA). The award was presented September 20, 2019 at a gala ceremony held in conjunction with PIA’s Board of Directors meeting in Orlando, Fla.

The award honors a PIA member agency that uses nontraditional communication tools to effectively further the goals of the organization. 

“Our goal was to create a social media presence that is professional, credible, interesting, visually pleasing, educational, and tells our story in a compelling way," said David S. Boyce, Tompkins Insurance president and CEO. "This award validates the success of our efforts, and we are proud to be honored in this way."

The 2019 PIA National Excellence in Social Media Award was sponsored by the National Insurance Producer Registry (NIPR).

“One of the first groups to fully embrace social media, a few years ago, was independent insurance agents,” said Lauren G. Pachman, esq., PIA National counsel, director of regulatory affairs and a board member of NIPR. “In fact, PIA National was one of the first groups anywhere to bestow an award for excellence in social media, beginning in 2010.”

“Since that time, we’ve seen an increase in the sophistication—and the positive results—of the use of social media marketing by independent insurance agencies,” Pachman said. “Today, we honor a PIA agency that has taken agency social media marketing to the next level, the winner of the 2019 PIA National Excellence in Social Media Award, Tompkins Insurance Agencies.”

About Tompkins Insurance Agencies Inc.

Founded in 1875, Tompkins Insurance Agencies Inc. is an independent insurance agency offering personal and business insurance and employee benefits services through more than 50 different companies.

The firm operates 17 offices in Western New York, seven offices in southeast Pennsylvania, and six offices in Central New York. A part of Tompkins Financial Corporation, (trading as TMP on the NYSE - MKT), the agency is affiliated with Tompkins Bank of Castile, Tompkins VIST Bank, Tompkins Trust Company, and Tompkins Financial Advisors. Further information is available at www.tompkinsins.com.   

May 14, 2019 - 2:21pm
posted by Billie Owens in business, Tompkins Insurance Agencies.

Submitted photos and press release:

Louis Atti, CPCU, of Angola, has joined Tompkins Insurance Agencies Inc. as the Personal Insurance manager and a member of the agency’s senior leadership team. He will be working out of the 113 Main St. office in Batavia.

In his new role, Atti (inset photo right) will be responsible foroverseeing the day-to-day operations of the personal insurance service team in the Western New York and Pennsylvania regions.

Atti brings almost 30 years of experience in personal insurance, having been the Personal Insurance manager for the Evans Agency in the Buffalo area. Currently, Atti is the chairman of the Board for Adirondack Insurance and the chairman of the Board for the Big I of NY. He also served as past chairman of the board for the IIAAWNY (Independent Insurance Agents Association of WNY Inc.) and was past mayor/trustee for the Village of Angola.

“I, as well as others here, have a long and deep rooted connection to Lou,” said David Boyce, president and CEO. “We are pleased to bring his level of experience and knowledge to our agency as we continue to grow and improve our customer experience.

"Lou is a unique fit for our agency. Having worked at Evans for the last 20 years, Lou understands and appreciates the benefits of working at an integrated organization which includes banking, wealth management and insurance, and the value we bring our customers.”

Atti earned his bachelor’s degree from the State University of New York at Fredonia and earned his prestigious Chartered Property Casualty Underwriter (CPCU) designation from The Institutes, which identifies him as a property-casualty subject matter expert.

Over the next 90 days, he will transition fully into his new role, replacing Tim Spezzano, (inset photo left) currently senior vice president and personal lines manager, who has accepted the position of sales manager for the agency.

Spezzano will be responsible for the Personal, Commercial and Employee Benefits Sales teams in both New York and Pennsylvania. 

Spezzano has been in the insurance industry for 24 years, and with Tompkins Insurance for the past 18 years, holding positions such as account executive, commercial lines sales manager and claims manager, and serving on the agency’s senior leadership team.

About Tompkins Insurance Agencies

Tompkins Insurance Agencies Inc., operates 17 offices in Western New York, six offices in Central New York and seven offices in Southeast Pennsylvania. A part of Tompkins Financial Corporation (trading as TMP on the NYSE - MKT), the agency is affiliated with Tompkins Bank of Castile, Tompkins Trust Company, Tompkins VIST Bank, Tompkins Mahopac Bank and Tompkins Financial Advisors.

It is an independent insurance agency offering personal and business insurance and employee benefits services through more than 50 of the nation’s leading insurance carriers. Further information is available at www.tompkinsins.com. Tompkins Insurance ranks No. 2 on the Rochester Business Journal’s 2018 list of top Commercial Insurance firms.*

*Source: Rochester Business Journal, Jan. 2019

May 2, 2019 - 2:57pm

BATAVIA – Tompkins Financial Corporation has announced the acquisition of Cali Agency Inc. by Tompkins Insurance Agencies Inc., an affiliate of the financial corporation. The acquisition was effective May 1.

“We are happy to continue to grow our business in Warsaw and serve more of our neighbors there through this acquisition,” said David S. Boyce, president and CEO of Tompkins Insurance. “Our roots run deep in Warsaw; we’ve been proudly serving families and businesses there since 1935.”

The change is a win-win for customers, Boyce said.

“In addition to continuing to receive personal attention from local insurance professionals who place a high value on customer service, customers will have 'one stop shopping' access to the comprehensive array of financial solutions offered by our affiliation with Tompkins Bank of Castile and Tompkins Financial Advisors,” Boyce said.

According to Boyce, the Cali Agency location will close and customers will be served from the Tompkins Insurance Warsaw location at 2367 State Route 19 North beginning on May 6.

In the very near future, clients of Cali Agency may also receive service at any of the convenient locations nearby, including offices at 25 State St. in Nunda; 102 N. Center St. in Perry, 14 Market St. in Attica; 11 South St. in Geneseo; through any of the agency’s Western New York locations, or through its Customer Care Center at 888-261-2688.

Tompkins Insurance serves 30,000 personal insurance customers and 7,600 commercial insurance customers, making it the third largest commercial insurance firm in the Rochester/Monroe County area and among the 100 largest agencies in the country. 

About Tompkins Insurance Agencies:

Tompkins Insurance Agencies, Inc., operates 17 offices in Western New York, seven offices in central New York and seven offices in southeast Pennsylvania. A part of Tompkins Financial Corporation, (trading as TMP on the NYSE - MKT), the agency is affiliated with Tompkins Bank of Castile, Tompkins Trust Company, Tompkins VIST Bank, Tompkins Mahopac Bank and Tompkins Financial Advisors. It is an independent insurance agency offering personal and business insurance and employee benefits services through more than 50 of the nation’s leading insurance carriers. Further information is available at www.tompkinsins.com. Tompkins Insurance ranks No. 2 on the Rochester Business Journal’s 2018 list of top Commercial Insurance firms.*

*Source: Rochester Business Journal, January 2019

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