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Five Star Bank CEO steps down

Peter G. Humphrey announced Tuesday he is retiring from his position as president and chief executive officer of Financial Institutions Inc. and Five Star Bank to spend time with family and pursue other interests.

His retirement, which comes after more than 35 years with the institution, is effective immediately. 

John E. Benjamin, chairman of the board of directors, has assumed duties as interim CEO. As part of the planned transition, Richard J. Harrison has been promoted to chief operating officer while Martin K. Birmingham has been named president and chief of community banking.

Humphrey said he intends to remain on the board of directors.

Benjamin was elected chairman of Financial Institutions in 2010 in addition to his nine years of service as a director. He was vice chairman and has chaired the executive nominating and governance committee.