Tompkins Financial Corporation (TMP), a financial holding company incorporated in 1995, operates in the banking industry, serving customers in New York and Pennsylvania. The company, headquartered in Ithaca, New York, is recognized for providing diversified financial services, including commercial, consumer banking, leasing, trust and investment management, financial planning, insurance, and broker-dealer services.
Previously known as The Bank of Ithaca, the company first came into existence in 1836. Over the years, it has shown remarkable growth and expansion, evolving into Tompkins Financial Corporation, a respected and influential player in the financial sector. The company merged with several other community banks and insurance agencies to strengthen its position, such as Mahopac National Bank, VIST Bank, Tompkins Insurance Agencies and AM&M Financial Services, among others.
Tompkins Financial Corporation operates through three business segments: banking (Tompkins Trust Company, Tompkins Bank of Castile, Tompkins Mahopac Bank, and Tompkins VIST Bank), insurance, and wealth management. Its banking segment provides a full range of deposit and lending services to consumer, commercial and municipal customers within its geographic area, while the company's insurance agencies offer property and casualty insurance products, and an array of diverse services. The wealth management segment, on the other hand, provides investment management services and consists largely of trust activities such as administration of estates and personal trusts.
As of 2021, the company had total assets of over $8 billion, making it a major player in the banking industry across its operational regions. Steeped meticulously into the banking industry, Tompkins Financial Corporation is committed to serving its local communities, priding itself on offering personalized, high-quality service. The company leverages technology to improve the quality and efficiency of its services.
As a public company listed on the New York Stock Exchange, Tompkins Financial Corporation consistently strived to create shareholder value while balancing its commitment to dependable client service. The company's focus on customer-centric strategies, prudent risk management, and community involvement has proven fruitful and highly reflected in positive customer reviews.
Throughout its long-standing history, Tompkins Financial Corporation has significantly contributed to the development of local businesses and the well-being of the communities it serves, and it remains committed to this goal. With a firm belief in being "locally focused and nationally respected," Tompkins Financial Corporation continues to set high standards in banking, wealth management, and insurance services across New York and Pennsylvania.