BUFFALO, N.Y., April 24, 2014 - First Niagara Financial Group, Inc. (NASDAQ:FNFG) today reported first quarter results, highlighted by continued balance sheet growth, consistent credit quality and stable core net interest margin.
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First Niagara Offers Low Interest Loans to Aid in Recovery from Recent Flooding
First Niagara Bank, N.A. is making low-interest loans available to its Central New York customers in response to an immediate need for emergency funds following recent flooding. The special loan program is available to individuals in the Chenango, Herkimer, Madison, Oneida and Montgomery counties who have been affected by the recent flooding.
First Niagara Helps Provide Educational Enrichment Opportunities for Local Youth
The First Niagara Foundation and Willie Hutch Jones Educational and Sports Programs are partnering to provide instruction for local children, at no cost, in fundamental life skill development, sports skill development, as well as academic support in science and math.
First Niagara Helps Create Opportunities for Local Youth in Urban Agriculture
The First Niagara Foundation and the Massachusetts Avenue Project, Inc. will be working together to foster youth leadership and create an environmentally and economically sustainable regional food system through the “Growing Green” program. The program creates innovative and meaningful jobs for disadvantaged youth, while also increasing access to healthy food options in Buffalo’s neighborhoods. Fresh fruits and vegetables are grown in an urban setting, while students learn about food systems.
First Niagara Provides $1.3 Million Loan for Purchase of Target Research Group
NYACK, NY (July 29, 2013) -- First Niagara Financial Group (Nasdaq:FNFG) announced today that it has completed a collateralized $1.3 million loan to the principals of Target Research Group, located in Airport Executive Park, Nanuet, N.Y., to purchase the company from Aries/MVL Group, a holding company for market research organizations. Founded in 1986, Target Research Group offers tactical and strategic market research services to business-to-business and business-to-consumer clients in consumer packaged goods, healthcare, financial services, legal, and a variety of other industries.
First Niagara Supports Niagara Falls Neighborhood Housing Services Inc.
BUFFALO, N.Y., August 1, 2013 – The First Niagara Foundation and Niagara Falls Neighborhood Housing Services, Inc. are partnering to provide educational support for first time home buyers in Niagara Falls.
CTG CEO James Boldt Appointed to First Niagara’s Board of Directors
BUFFALO, N.Y., August 6, 2013 – The Board of Directors of First Niagara Financial Group, Inc. (NASDAQ:FNFG) announced that James R. Boldt was appointed to serve as a director of the company and First Niagara Bank, N.A.
Boldt is chairman and chief executive officer of Computer Task Group, Incorporated (CTG), a NASDAQ-listed international information technology services and solutions firm. He also serves as a director and the chairman of the audit committee of the Board of Directors of Sovran Self Storage, Inc., a NYSE-listed real estate investment trust.
Customers Embrace First Niagara Mobile Banking
First Niagara Appoints Tom Faughnan to Lead Mortgage Banking
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced the promotion of Tom Faughnan to Senior Director of Residential Mortgage. Faughnan will be responsible for developing and executing on the company’s overall strategy and financial goals as well as managing day-to-day operations for the company’s residential mortgage business. He joined First Niagara in 2010 as Senior Vice President of Residential Lending.
First Niagara “Steps In” to Support Volunteers of America
Buffalo, N.Y., October 2, 2013 – The First Niagara Foundation and Volunteers of America of Western New York, Inc. will be working together to implement a financial component to the Step by Step program. Step by Step, an outreach program of Volunteers of America, provides highly structured workshops for women currently serving in the Monroe County and Albion State Correctional Facilities, as well as women in residential treatment programs. Step by Step features workshops designed to provide the skills necessary for women to rebuild their lives, attain self-sufficiency and achieve greater financial independence.
First Niagara Reports Third Quarter 2013 Results
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today reported net income available to common shareholders of $71.6 million or $0.20 per diluted share for the third quarter of 2013, highlighted by strong balance sheet growth, consistent credit quality and positive operating leverage.
First Niagara Presents Music for Youth with the Buffalo Philharmonic Orchestra
BUFFALO, N.Y., October 22, 2013 – The First Niagara Foundation and Buffalo Philharmonic Orchestra are pleased to present the Music for Youth concert series. Nearly 40,000 students from across Western New York in grades K-12 will participate in the program over the course of the season.
First Niagara Promotes John Golding to Senior Director of Small Business Banking
BUFFALO, NY - October 21, 2013 – First Niagara Financial Group has promoted John Golding to senior director of small business banking. Golding joined First Niagara in December 2012 as retail banking director for the company’s Tri-State Region. In his new role, Golding will develop and implement First Niagara’s small business strategy across its four-state footprint and will maintain the day to day operations of the company’s small business organization, serving customers with revenues up to $2MM. Golding will lead a team of 50 small busines
First Niagara Provides $22.8 Million Loan for Construction of New WESTMED Medical Group Building
PURCHASE , NY (October 2013) -- First Niagara's Commercial Real Estate Group has announced closing on a $22.8 million construction loan for the development of a new 85,000-square-foot, state-of-the-art medical office building in Purchase, NY.
First Niagara Expands Commercial Banking Team With Addition of Senior Credit Manager
NEW HAVEN, C.T. October 10, 2013 – First Niagara Financial Group, Inc. (Nasdaq: FNFG), today announced the addition of Senior Credit Manager Laurentia (Laurie) Price to its Commercial Banking team. Price will lead a team of underwriters and two regional credit managers, who are responsible for ensuring the credit quality of First Niagara’s middle market and business banking portfolios, and for overseeing underwriting activities for the Tri-State and New England Regions.
First Niagara Commercial Finance Names National Director of New Business Development
BUFFALO, N.Y. October 15, 2013 – First Niagara Commercial Finance, the asset-based lending arm of First Niagara Financial Group, Inc. (Nasdaq: FNFG), recently welcomed Keith Broyles as National Director of New Business Development. In his new role, Broyles will lead a team of new business development officers in building the bank’s asset-based lending (ABL) portfolio; identifying growth opportunities; and screening and closing out ABL transactions. Broyles will work out of First Niagara Commercial Finance (FNCF) headquarters in Dedham, Massachusetts and will report directly to FNCF President Larry Favre.
First Niagara Foundation Donates $1.0 Million to Support Youth Mentoring
BUFFALO, N.Y., October 28, 2013 – The First Niagara Foundation is donating $1.0 million to fund youth mentoring programs designed to help close the achievement gap, help children improve school attendance and performance, prevent substance abuse and behavioral problems, and give at risk youth a chance to reach their full potential.
First Niagara Teammates to Raise Breast Cancer Awareness Among The “Irreplaceable” Women in Their Lives
BUFFALO, N.Y., October 30, 2013 – As part of October Breast Cancer Awareness Month, First Niagara Financial Group, Inc. (NASDAQ:FNFG) designated October 30th as Project Irreplaceable Day for its 5,800 teammates, after learning of the important efforts of one of its employees to raise awareness about breast cancer.
First Niagara Names Alexander Gress Treasurer
BUFFALO, N.Y., November 14, 2013 – First Niagara Financial Group, Inc. (Nasdaq:FNFG) named Alexander Gress, an executive with broad financial services experience at multiple top-tier companies, to serve as its Senior Vice President and Treasurer.
First Niagara Names John Kenefick, Senior Vice President, Central Underwriting Credit Manager
BUFFALO, N.Y. November 18, 2013 –First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today it has named John Kenefick, a 25-year financial services veteran, as Senior Vice President, Central Underwriting Credit Manager
First Niagara’s Building Renovation Shows Commitment to Niagara County and Efficiency Initiatives
BUFFALO, N.Y., November 7, 2013 – First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced the completion of the renovation and efficiency upgrades to its Administrative Center at 6950 S. Transit Road in Lockport, New York. The project covered over 66,000 thousand square feet of space, took a year to complete and improved the efficiency and utilization of the building by 30 percent. The project diverted more than 150 tons of debris from area landfills through recycling and reuse. One-third of the construction products used in the building contained recycled materials, and most of the materials used for the project were manufactured within a 500 mile radius.
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