NYACK, N.Y. – February 6, 2013 – Building onthe success of its entry last year into the Hudson Valley region, First Niagarahas announced the formation of its new Tri-State Region, which includes marketsin Lower Hudson Valley, Fairfield County, CT and Northern New Jersey.
The central office for the Tri-State Regionwill be located in Nyack, NY, where First Niagara currently operates a branchoffice, and will be supported by its regional office in Norwalk, CT, which willcontinue to serve Fairfield County customers. Current centers of operations in New Haven, Hartford, and Manchester, CT– part of First Niagara’s New England Region – will remain the same.
The new Tri-State Region offers significantgrowth opportunities for First Niagara’s commercial lending business inparticular. The three markets in the region have a high concentration of largefirms in the manufacturing, healthcare and other industries with substantialcapital requirements.
“The Tri-State market provides an excitingopportunity to better serve retail customers and expand our commercial lendingbusiness across this newly organized market footprint,” said David V. Ring,Managing Director of Enterprise Banking for First Niagara. Ring noted that
First Niagara is conducting a search for aTri-State Regional President and is recruiting to fill key regional leadershippositions.
In addition to the new Tri-State Region, FirstNiagara’s other geographic regions and markets include Upstate New York(Buffalo, Rochester, Syracuse, Albany); Western Pennsylvania (Pittsburgh,Erie); Southeastern Pennsylvania (Metro Philadelphia, Lehigh Valley andDelaware, Chester, Berks, Montgomery and Bucks Counties), and New England(Greater Boston, New Haven, Hartford and Springfield).
Last May, First Niagara completed theconversion of Upstate New York and Connecticut branches acquired from HSBC BankUSA, with the bank opening more than 100 former HSBC branches as First Niagarabranches. First Niagara added more than 1,200 employees, including more than 250in the Hudson Valley, and more than 500,000 new customers across New York andConnecticut.
In the Hudson Valley, First Niagara has 26branches from Ulster to Westchester Counties. Branches are located in thefollowing communities: (Westchester) Mount Kisco, Bedford Hills, Ossining,Yorktown Heights and Baldwin Place; (Dutchess) East Fishkill, Millerton, HydePark, Wappingers Falls, Pleasant Valley and Poughkeepsie; (Orange) HighlandFalls, Middletown and Vails Gate; (Putnam) Brewster; (Rockland) Blauvelt, PearlRiver, New City, Nyack, Nanuet, Spring Valley, Stony Point, Suffern and Tappan;(Sullivan) Liberty; and (Ulster) Kingston.
About First Niagara
First Niagara, through its wholly ownedsubsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bankwith nearly 430 branches, approximately $38 billion in assets, $29 billion indeposits, and approximately 6,000 employees providing financial services toindividuals, families and businesses across Upstate New York, Pennsylvania, Connecticut and Massachusetts. For moreinformation, visit www.firstniagara.com.