<SUBMISSION>
<ACCESSION-NUMBER>0001299933-05-002803
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20050609
<ITEMS>8.01
<FILING-DATE>20050609
<DATE-OF-FILING-DATE-CHANGE>20050609
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>FINANCIAL INSTITUTIONS INC
<CIK>0000862831
<ASSIGNED-SIC>6021
<IRS-NUMBER>160816610
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-26481
<FILM-NUMBER>05887123
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>220 LIBERTY STREET
<CITY>WARSAW
<STATE>NY
<ZIP>14569
<PHONE>7167861100
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>220 LIBERTY STREET
<CITY>WARSAW
<STATE>NY
<ZIP>14569
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_5200.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> Financial Institutions, Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	June 9, 2005
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	Financial Institutions, Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	New York
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	0-26481
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	16-0816610
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	220 Liberty Street, Warsaw, New York
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	14569
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	585-786-1100
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 8.01. Other Events.
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On June 9, 2005, the Company issued a press release announcing strategic initiatives related to capital preservation and human resources.  In an effort to maintain high levels of capital while addressing its problem loan portfolio, the Board of Directors elected to reduce the quarterly dividend on its common stock by $0.08 per common share at the June 8, 2005 meeting.  The Board declared a quarterly cash dividend of $0.08 per common share, payable on July 1, 2005 to shareholders of record on June 20, 2005.  In addition, the Board declared a quarterly dividend of $2.12 per share on Series B-1, 8.48% Preferred Stock and $0.75 per share on Series A, 3% Preferred Stock, payable on July 1, 2005 to shareholders of record on June 20, 2005.  The press release also references the previously announced loan sale and other actions under consideration.
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<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT">The information in this Current Report on Form 8-K, including Exhibit 99.1 is furnished pursuant to Item 8.01 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. </P><!-- PageBreak START -->
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Financial Institutions, Inc.
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<I>
	June 9, 2005
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<I>
	By:
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<I>
	Ronald A. Miller
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<I>
	Name: Ronald A. Miller
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	Title: Executive Vice President & CFO
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	Exhibit&nbsp;Index
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	99.1
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Press Release
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<TYPE>EX-99.1
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<P align="left" style="margin-left:36%; font-size: 10pt"><FONT style="font-size: 11.5pt">For More
Information:
<BR>
Peter G. Humphrey
<BR>
Chairman, President
<BR>
&#038; Chief Executive Officer
<BR>
Phone: 585-786-1101</FONT>


<P align="left" style="font-size: 11.5pt">FOR IMMEDIATE RELEASE

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    <TD colspan="3" valign="top" align="left"><FONT style="font-size: 16pt"><B>Financial Institutions, Inc. Announces Strategic Initiatives</B><BR></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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&nbsp;</DIV></TD>
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    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Opts to Preserve Capital</B></TD>
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    <TD width="5%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Making Investments in Human Capital</B></TD>
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<P align="left" style="font-size: 14pt"><FONT style="font-size: 11pt">WARSAW, N.Y., Thursday, June&nbsp;9, 2005 &#151; Financial Institutions, Inc. (Nasdaq: FISI) announced
that to support its efforts to maintain high levels of capital while addressing its problem loan
portfolio that the Board of Directors yesterday elected to reduce the quarterly dividend on its
common stock by $.08 per common share.</FONT>


<P align="left" style="font-size: 11pt">Peter G. Humphrey, Chairman, President and CEO, commented, &#147;We have sufficient available funds to
support the common dividend at our previous level of $.16 per common share. However, as we
continue to make changes to right our ship, we believe that the correct action by the Board and
management at this time is to adjust the dividend to preserve capital.


<P align="left" style="font-size: 11pt">He continued, &#147;As previously announced, we are taking an aggressive measure to improve our loan
portfolio by selling all or a portion of approximately $118&nbsp;million of problem and classified loans
held by our subsidiary banks and, subject to bank board approval, the potential sale of an
additional $56&nbsp;million in problem commercial loans. We have retained Keefe, Bruyette &#038; Woods, Inc.
to manage the sale of the loans and anticipate receiving bids on the initial block of loans around
the end of this month.&#148;


<P align="left" style="font-size: 11pt">The Board declared a quarterly cash dividend of $0.08 per common share, payable on July&nbsp;1, 2005 to
shareholders of record on June&nbsp;20, 2005. In addition, the Board declared a quarterly dividend of
$2.12 per share on Series&nbsp;B-1, 8.48% Preferred Stock and $0.75 per share on Series&nbsp;A, 3% Preferred
Stock, payable on July&nbsp;1, 2005 to shareholders of record on June&nbsp;20, 2005.


<P align="left" style="font-size: 11pt">Mr.&nbsp;Humphrey concluded, &#147;We have made significant strides to address our subsidiary bank issues of
poor asset quality, management problems and weaknesses in their lending and credit administration.
There have been major changes in the senior management, we continue to increase the depth of
banking experience among our associates with new additions, and we consolidated commercial credit
and lending administration. There are several more actions currently under consideration, in
addition to the loan sale. These include: the consolidation of consumer lending, the
centralization of marketing and advertising, and electronic and facility security, and the sale of
non core assets. As we move at this fast pace of change, we are confident of our ability to get
back on course and maintain our community focus by providing the friendly and comfortable service
our customers have always known.&#148;


<P align="left" style="font-size: 11pt"><B>ABOUT FINANCIAL INSTITUTIONS, INC.</B>
<BR>
With total assets of $2.2&nbsp;billion, Financial Institutions, Inc. is the parent company of Wyoming
County Bank, National Bank of Geneva, Bath National Bank and First Tier Bank &#038; Trust. The four
banks provide a wide range of consumer and commercial banking services to individuals,
municipalities and businesses through a network of 50 offices and 72 ATM&#146;s in Western and Central
New York State. FII affiliates also provide diversified financial services to its customers and
clients, including brokerage, trust, insurance, employee benefits and compensation consulting.
More information on FII and its subsidiaries is available through the Company web site at
<U><I>www.fiiwarsaw.com</I></U>.


<P align="left" style="font-size: 11pt"><B>Safe Harbor Statement</B>
<BR>
<I>This press release contains forward-looking statements as defined by federal securities laws.
These statements may address issues that involve significant risks, uncertainties, estimates and
assumptions made by management. Actual results could differ materially from current beliefs or
projections. There are a number of important factors that could affect the Company&#146;s
forward-looking statements which include the availability of cash to continue to pay a dividend,
the impact of regulatory restrictions, the effect of credit administration consolidation and
changes in lending practices, the results of the sale of problem loans and other factors discussed
in the Company&#146;s filings with the Securities and Exchange Commission. The Company undertakes no
obligation to revise these statements following the date of this press release.</I>


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