Tompkins Financial Corporation

What Tompkins Financial Corporation does

Tompkins Financial Corporation is a $8.4 billion-asset financial services holding company headquartered in Ithaca, New York, founded in 1836 and listed on NYSE MKT under the ticker TMP. The company operates a community banking franchise through Tompkins Community Bank (pending rebrand to Tompkins Bank & Trust), with 65 banking offices across Western, Central, and Hudson Valley New York and Southeastern Pennsylvania serving more than 165,000 retail, small business, commercial, nonprofit, and high-net-worth customers. Its core product set spans deposit accounts, commercial and consumer loans (including a No Closing Cost Mortgage and a Bank On-certified Smart Spend Checking account), and wealth management services through Tompkins Financial Advisors, including an internally managed ESG portfolio.

The company monetizes primarily through net interest income, with a Q1 2026 net interest margin of 3.57% applied to a $6.48 billion loan portfolio and $7.1 billion deposit base, supplemented by fee-based wealth advisory and insurance brokerage revenue. In November 2025 Tompkins divested its insurance brokerage (Tompkins Insurance Agencies) to Arthur J. Gallagher & Co. for $183 million, sharpening its focus on banking and wealth management. Distribution is relationship-driven through local decision-makers at branches, dedicated commercial banking teams, and a wealth advisor channel, supported by online and mobile digital banking.

The underlying technology is a conventional integrated community banking platform rather than a proprietary or AI-native stack; the ESG Fund, Smart Spend Checking, and NOCO geothermal financing partnership are the principal product differentiators. Leadership is in transition, with Phillip M. Quintana appointed President-Elect of Tompkins Community Bank succeeding 17-year veteran John McKenna, and Matthew Tomazin serving as CFO since October 2023.

Name

Tompkins Financial Corporation

Legal name

Tompkins Financial Corporation

Website

https://tompkinsfinancial.com

Company type

Public

Founded year

1836

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Tompkins Financial Corporation is an $8.4 billion-asset community bank holding company operating 65 branches across New York and Pennsylvania through Tompkins Community Bank (rebranding to Tompkins Bank & Trust) and Tompkins Financial Advisors, serving retail, small business, and high-net-worth clients following the 2025 divestiture of its insurance brokerage.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991)

SIC

State Commercial Banks (6022), Investment Advice (6282)

akta.pro primary industry

Trust & Fiduciary Advisory for HNW/UHNW (Trust Structuring & Trustee Oversight) (FSAAABAF)

akta.pro secondary industries

Private Banking & UHNW Wealth Advisory (FSAEABAC), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Community banking services
• Commercial lending
• Wealth management advisory
• Consumer deposit accounts
• Mortgage lending

Headquarters

HQ city

Ithaca

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Banking/Net Interest Income: Interest income from loan portfolio (total loans $6.48 billion as of Q1 2026) and securities, net of interest paid on deposits. Net interest margin improved to 3.57% in Q1 2026.
2. Wealth Management: Fee-based wealth management and advisory services through Tompkins Financial Advisors, including ESG portfolio management.
3. Insurance Services: Insurance brokerage services through Tompkins Insurance Agencies (divested to Arthur J. Gallagher & Co. in November 2025 for $183 million).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Tompkins Financial Corporation is a $8.4 billion-asset financial services holding company that provides community banking, commercial lending, and wealth management services through its subsidiaries. Its core operations include retail deposit accounts, consumer and commercial loans, residential mortgages, and fee-based investment advisory services delivered through 65 banking offices across Western, Central, and Hudson Valley New York and Southeastern Pennsylvania.

Product overview

Tompkins Financial Corporation is a diversified financial services holding company operating three main business segments: banking through Tompkins Community Bank (rebranding to Tompkins Bank & Trust pending regulatory approval), insurance through Tompkins Insurance Agencies, and wealth management through Tompkins Financial Advisors. The company offers a portfolio of products including deposit accounts, commercial and consumer loans, the Smart Spend Checking Bank On-certified account, No Closing Cost Mortgages, an ESG investment fund, and a stock purchase plan with dividend reinvestment. The banking segment operates over 54 offices across New York and Pennsylvania, serving retail, small business, and commercial customers through relationship-based community banking.

Differentiator

Problem solved

Functional benefit

Brands

• Smart Spend Checking: Bank On-certified checking account designed for young people starting their financial lives and those taking steps toward financial wellness, free from overdraft fees.
• No Closing Cost Mortgage
• ESG Fund

Products and services

• Tompkins Community Bank (rebranding to Tompkins Bank & Trust) Full-service community bank providing deposit accounts, consumer and commercial loans, and related banking services across Western, Central, and Hudson Valley New York and Southeastern Pennsylvania.
• Tompkins Financial Advisors Wealth management division providing investment advisory, financial planning, trust, estate planning, and portfolio management services to individuals, families, high-net-worth clients, and institutions.
• Smart Spend Checking Bank On-certified checking account designed for young people and those working toward financial wellness, featuring no overdraft fees or bounced check charges, with online bill pay and debit card access.
• No Closing Cost Mortgage Residential mortgage product in which Tompkins pays all non-personal, third-party fees on behalf of the mortgage applicant, reducing upfront closing costs for homebuyers.
• Tompkins Financial Advisors ESG Fund Environmental, Social, and Governance investment portfolio using qualitative screens to invest in socially responsible companies while seeking long-term capital growth; internally managed for over 10 years.
• Stock Purchase Plan Dividend reinvestment and direct stock purchase program administered through Broadridge, allowing shareholders to reinvest cash dividends or make additional purchases of TMP common stock via direct debit from a checking or savings account.

Quantifiable outcome

• Net interest margin improved to 3.57%, up 59 basis points year-over-year in Q1 2026
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• NOCOcoreStrategic or Co-development Partner · 1 January 2022Tompkins has partnered with NOCO to offer competitive financing for residential geothermal HVAC systems across Upstate New York. NOCO, established in 1933, is a family-owned, locally operated, full-service energy company serving Western and Central New York. The pilot program emphasizes the benefits of cleaner energy systems and assists customers looking to explore geothermal options.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Evans Bancorp, Inc. Western New York community bank holding company serving Buffalo and surrounding markets. Directly comparable commercial and retail banking franchise with similar size profile.
• Financial Institutions, Inc. Western and Central New York community bank with overlapping geographic coverage and similar product set including commercial lending and wealth services.
• NBT Bancorp Inc. Community bank holding company of similar size with branches concentrated in upstate New York and northern Pennsylvania. Directly comparable regional franchise with overlapping retail, commercial, and wealth management operations.
• Community Bank System, Inc. Upstate New York-focused community bank holding company with comparable deposit base, branch network, and wealth management subsidiary. Closest pure-play peer on geography, scale, and product mix.
• Arrow Financial Corporation: Glens Falls, NY-based community bank holding company serving similar upstate New York markets with retail, commercial, and trust services. Comparable business model and regional focus to Tompkins.
• Trustco Bank Corp NY: Capital Region NY-headquartered community bank with similar retail/commercial orientation and emphasis on low-cost deposit gathering. Closely comparable on funding model and capital allocation philosophy.
• Chemung Financial Corporation: New York and Pennsylvania community bank with overlapping footprint in the Southern Tier and Finger Lakes regions. Comparable size, branch count, and product mix including wealth management.
• S&T Bancorp, Inc. Pennsylvania-headquartered community bank holding company with retail, commercial, and wealth management across Western and Central PA. Geographic complement and similar size to Tompkins.

Broad incumbents

• M&T Bank Corporation: Larger regional bank with significant presence across upstate New York and Pennsylvania, including wealth management through Wilmington Trust. Overlaps materially with Tompkins' geography and product set but operates at substantially greater scale.

Emerging players

• Five Star Bancorp: Growing community bank headquartered in Sacramento with similar relationship-based commercial banking focus. Comparable younger, growth-oriented community bank profile though operating on the West Coast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tompkins-financial-corporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A11 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tompkins Financial Corporation