** Shares of regional lender
** Parent of New York state commercial bank, Five Star Bank, late Weds 4 mln shares at $25, a 7.5% discount to last sale
** Co intends to use expected net offering proceeds of ~$95 mln for balance sheet restructuring through repositioning of substantial portion of its
** KBW sole bookrunner for offering
** Prior to offering, FISI had ~15.5 mln shares outstanding for
$418 mln market cap
** Through Weds close, FISI shares up ~27% YTD. Stock's 52-week low is $16.29 (Apr 17) and 52-week high is $29.14 (Nov 25)
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))
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