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First Niagara Bank was a Federal Deposit Insurance Corporation-insured regional banking corporation headquartered in Buffalo, New York.Its parent company, First Niagara Financial Group, Inc. was the 44th-largest bank in the United States with assets of over $37.1 billion as of June 30, 2013.
Prior to joining First Niagara, he spent 26 years (1976–2000) with KPMG, reaching the position of the Managing Partner of its Upstate New York operations. Koelmel then joined Financial Institutions, Inc, parent of Five Star Bank, serving as its Chief Administrative Officer until 2002, when he left to become an independent consultant. In his ...
On July 27, 2009, First Niagara Bank agreed to acquire the company in an all-stock transaction valued at approximately $237 million or $5.50 per share. The deal provided First Niagara with $5.6 billion in assets, including $3.6 billion in loans and $4.1 billion in deposits in 83 bank branches across nine Eastern Pennsylvania counties.
First Niagara Financial has had a rough 5-year stretch. Its shares are down nearly 30%, while the S&P 500 has returned over 100%. Ill-timed acquisitions hurt the stock, and the bank's recent ...
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Farmers National Bank (disambiguation) First National Bank (disambiguation) First Nations Bank of Canada; First Niagara Bank, an American bank; Florida National Bank, an American bank; FNB Corporation, an American financial services corporation; FNB United Corp., an American bank holding company