Tompkins Financial Corporation Increases Cash Dividend and Announces Approval of...

Tompkins Financial Corporation Increases Cash Dividend and Announces Approval of Stock Repurchase Program

ITHACA, N.Y.--(Business Wire)--
Tompkins Financial Corporation (TMP - American Stock Exchange).
Tompkins Financial Corporation announced today that its Board of
Directors approved payment of a regular quarterly cash dividend of
$0.34 per share, payable on August 15, 2008, to common shareholders of
record on August 4, 2008. The current dividend represents a 6.3%
increase over the $0.32 cash dividend paid in the second quarter of
2008.

The Company also announced that its Board of Directors has
authorized the repurchase of up to 150,000 shares of the Company's
outstanding common stock. Purchases may be made on the open market or
in privately negotiated transactions, over the next 24 months. This
share repurchase program replaces a program that was previously
approved by the Company's Board of Directors in July 2006, and expired
this month. Over the life of the program approved in 2006, the Company
repurchased 420,575 shares.

Stephen S. Romaine, President and CEO stated, "The approval by our
board to increase our dividend and approve our stock repurchase
program is in recognition of the strong earnings performance, credit
quality and capital position of our Company."

Tompkins Financial Corporation is a financial holding company,
headquartered in Ithaca, N.Y. The Company is the parent for Tompkins
Trust Company, The Bank of Castile, Mahopac National Bank, Tompkins
Insurance Agencies, Inc., and AM&M Financial Services, Inc.

Tompkins Financial Corporation
Stephen S. Romaine, President & CEO
Francis M. Fetsko, CFO
607-273-3210

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