TOMPKINS FINANCIAL Business Summary

Tompkins Financial Corp (TMP) operates as a regional financial services holding company primarily generating revenue through net interest income from its banking operations and fee-based income from wealth management services. Following the strategic $183 million sale of its insurance subsidiary to Arthur J. Gallagher & Co. in late 2025, the company has streamlined its operations into two core segments: Banking, conducted through Tompkins Community Bank, and Wealth Management, via Tompkins Financial Advisors. The banking segment focuses on commercial, agricultural, and consumer lending across New York and Pennsylvania, while the wealth division provides investment management, trust, and estate services. Tompkins competes directly with regional and community peers such as Community Bank System (CBU), NBT Bancorp (NBTB), and Amalgamated Bank (AMAL). Within this landscape, Tompkins distinguishes itself as a high-touch, community-centric institution with a robust dividend history and a high loan-to-deposit ratio, positioning it as a specialized regional player with deep localized credit expertise. Tracing its origins back to the founding of Tompkins Trust Company in 1836, the corporation is currently led by President and CEO Stephen S. Romaine, who has headed the institution since 2007. The executive leadership team includes Matthew Tomazin, who was elevated to Executive Vice President, CFO, and Treasurer in October 2023, and Alyssa Fontaine, who serves as EVP, General Counsel, and Chief Risk Officer. The wealth management segment is directed by Eric Taylor, President of Tompkins Financial Advisors, who rejoined the firm in 2024 to oversee its fiduciary and advisory growth. The Board of Directors is chaired by Daniel J. Fessenden, a long-standing director who assumed the chairmanship in 2025. The company’s stability is further underscored by its 40-year streak of consecutive dividend increases, a testament to the disciplined oversight of its veteran management team and board.