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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.
We're only a few days in, but we have already seen some impressive numbers from banking behemoths JPMorgan Chase, Wells Fargo, and Citigroup, with releasing earnings yesterday. While these results are
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First Niagara Financial Group is on deck to announce fourth-quarter earnings on Wednesday, and investors need to pay special attention to three areas of that release. 1. Net interest margin and ...
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.
NewAlliance Bancshares, doing business as NewAlliance Bank, was the second largest Connecticut-based savings bank. It was formed in 2004 through the union of The Savings Bank of Manchester, New Haven Savings Bank, and Tolland Bank. First Niagara Bank announced its acquisition of NewAlliance in August 2010. [1]