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Buffalo, N.Y., February 10, 2015 – First Niagara Financial Group (Nasdaq: FNFG) announced that Kate White has been promoted to Executive Vice President and Managing Director of Human Resources and Corporate Communications, and will join the company's executive management team reporting to Gary M. Cosby, President and Chief Executive Officer. White previously served as Senior Vice President and Managing Director of Human Resources and Corporate Communications.
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First Niagara Launches Private Insurance Exchange
BUFFALO, N.Y., Thursday, April 3, 2014 – First Niagara Benefits Consulting (FNBC), a division of First Niagara Risk Management, Inc., announced today its launch of the First Niagara Benefits Exchange. This private insurance exchange can accommodate a wide range of employer contribution approaches to offering employee benefits. This exchange will be offered to businesses with 100 or more employees.
Joseph Saffire Named First Niagara Executive Vice President of Commercial Financial Services
BUFFALO, N.Y., March 31, 2014 – First Niagara Financial Group (Nasdaq: FNFG) today named Joseph Saffire to serve as executive vice president, commercial financial services.
First Niagara Provides Continued Support for Rockland Economic Development Corporation Small Business Center
NYACK, NY, March 25, 2014 – The First Niagara Foundation announced a $5,000 grant to the Rockland Economic Development Corporation (REDC) for its continued support of REDC’s Small Business Center (SBC), a free resource for small business owners, start-ups and entrepreneurs in Rockland County.
First Niagara Teaches Financial Literacy to Refugee Youth
BUFFALO, N.Y., March 18, 2014 – The First Niagara Foundation and Jericho Road Community Health Center are partnering to provide afterschool program support for local refugee students and create education opportunities that will enrich their academic and social skills.
FIRST NIAGARA FINANCES $27.6 M BROADLEAF APARTMENT COMPLEX
NEW HAVEN, Conn. – March 13, 2014 – First Niagara Financial Group (Nasdaq: FNFG) today announced it has completed a $27.6 million construction loan to Manchester-based Evergreen Crossing LLC (Evergreen Crossing). The loan will support the construction of a 224-unit apartment complex located at 325 New State Road in Manchester, to be known as The Broadleaf.
THE SALVATION ARMY TASC, formerly GED PROGRAM RECEIVES GRANT
BUFFALO, New York (March 18, 2014) -- The Salvation Army is the grateful beneficiary of a $7,500 grant awarded by the First Niagara Foundation. This grant will cover the expense of an instructor for the NYS Test Assessing Secondary Completion, formerly GED program. These funds will provide an additional 300 hours of classroom time, which allows The Salvation Army to immediately extend the class by an additional two hours each day. This time extension affords the TASC instructor to work with those students who are in the final preparations to take the exam, with the intent to make the client test ready and test confident. It is critical for the instructor to explain the lessons thoroughly and give students more time to practice their reading, writing and math skills. These extra hours have a direct and measurable impact on the client’s success.
First Niagara Introduces $500,000 Rochester Microloan Program
BUFFALO, N.Y. – March 5, 2014 - First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced the launch of a microloan fund to boost small business creation and expansion in Rochester. The bank will make $500,000 available to businesses that do not qualify for conventional funding. Loan amounts will range up to $25,000 and eligible uses include acquisition of real estate property, construction and rehabilitation, equipment/machinery purchases, inventory and working capital.
FNFG Inc. to Attend Regional Bank Investor Conference
Buffalo, N.Y. – February 26, 2014 - First Niagara Financial Group, Inc. (NASDAQ: FNFG) today announced that President and Chief Executive Officer Gary M. Crosby will be presenting at the Keefe, Bruyette & Woods 2014 Regional Bank Investor Conference in Boston, MA on Thursday, February 27. Mr. Crosby’s presentation will be webcast live at approximately 9:30 AM ET, and can be accessed within the investor relations section on the company’s website at www.firstniagara.com. Mr. Crosby and Chief Financial Officer Mr. Gregory W. Norwood will be available during the course of the day for one-on-one investor meetings. The presentation will be archived for approximately 90 days following the event.
First Niagara Commercial Finance Continues Expansion of Asset Based Lending Team
DEDHAM, MA. February 27, 2014 – First Niagara Commercial Finance (FNCF), the asset-based lending arm of First Niagara Financial Group, Inc. (Nasdaq: FNFG), recently announced the addition of two senior-level underwriting professionals. Peter Drooff has joined FNCF as First Vice President and Director of Underwriting, and Rod Landis serves as Vice President of Underwriting reporting to Peter. Drooff and Landis are based out of FNCF headquarters in Dedham, Massachusetts and will work closely with the National Director of New Business Development Keith Broyles and his team to support business growth.
First Niagara Financial Group, Inc. to Attend Sterne Agee Financial Institutions Investor Conference
Buffalo, N.Y. – February 12, 2014 - First Niagara Financial Group, Inc. (NASDAQ: FNFG) today announced that President and Chief Executive Officer Gary M. Crosby and Chief Financial Officer Gregory W. Norwood will be attending the Sterne Agee Financial Institutions Investor Conference on Thursday, February 13, 2014 at the Boca Raton Resort & Club in Boca Raton, FL. Mr. Crosby and Mr. Norwood will be available during the course of the day for one-on-one investor meetings.
First Niagara Earns Honors in Greenwich Associates Annual Awards
BUFFALO, N.Y. , February 11, 2014 – First Niagara Financial Group, Inc. (NASDAQ:FNFG) racked up four national awards and several regional honors in the 2013 Greenwich Excellence Awards for Small Business and Middle Market Banking. Greenwich Associates, a Connecticut-based global consulting firm, surveyed representatives from nearly 13,500 national businesses with sales of $1.0 to $10.0 million. Company representatives cast their votes for high performers in 14 categories, ranging from website performance to accuracy of treasury operations and overall customer satisfaction.
First Niagara Launches Next Generation of Mobile Banking Services
BUFFALO, N.Y., February 4, 2014 – First Niagara Financial Group, Inc. (NASDAQ:FNFG) announced today that it has launched new capabilities to its mobile banking application available for Smartphone users. The app, which is available on iPhone, Android and Blackberry, was initially released in January 2013. The bank now has more than 140,000 unique mobile banking users.
FIRST NIAGARA LEADS $68 MILLION RESIDENTIAL DEVELOPMENT LOAN ON BROADWAY IN EVERETT, MA
BOSTON, Mass. – January 27, 2014 – First Niagara Financial Group (Nasdaq: FNFG) today announced it recently arranged $68 million in financing package to support the construction of a 328-unit multi-family development in Everett, MA, to be known as the Batch Yard. The development is a joint venture between Fairfield, CT-based, Post Road Residential Inc., and a CT-based institutional investor, and is being constructed at the site of the former Charleston Chew candy factory near the intersection of Broadway and the Revere Beach Parkway.
First Niagara Financial Group, Inc. Declares Quarterly Dividend
Buffalo, N.Y., January 28, 2014 – First Niagara Financial Group, Inc. (NASDAQ: FNFG) today announced that the Company’s Board of Directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock.
First Niagara Finances $30 Million Construction Project at Edgewater Harbor
EDGEWATER, NJ (January 2014) – First Niagara's Commercial Real Estate Group has announced closing on a $30 million loan with National Resources for construction of a 100-unit luxury apartment building at Edgewater Harbor, a 24-acre mixed-use community located on the Hudson River waterfront in Edgewater, NJ. The loan will also finance construction of a parking garage that will service the site.
First Niagara Reports Fourth Quarter and Full Year 2013 Results
BUFFALO, N.Y., January 24, 2014 - First Niagara Financial Group, Inc. (NASDAQ:FNFG) today reported net income available to common shareholders of $70.1 million or $0.20 per diluted share for the fourth quarter of 2013, highlighted by stable net interest margin, balance sheet growth and positive operating leverage.
First Niagara Enhances Small Business Offerings
BUFFALO, N.Y., January 23, 2014 – First Niagara Financial Group, Inc. (NASDAQ:FNFG) today introduced redesigned Small Business Lending products and services focused on the evolving needs of its small business customers.
First Niagara Financial Group to Announce Fourth Quarter 2013 Results on Jan 24 2014
Buffalo, N.Y. – January 14, 2014 – First Niagara Financial Group, Inc. (NASDAQ: FNFG), today announced that it will release 2013 fourth quarter results before the market opens on Friday, January 24, 2014. The Company will host a conference call at 8:00 a.m. Eastern Time. In his initial investor call as President and Chief Executive Officer, Gary M. Crosby will discuss First Niagara’s strategic priorities under his leadership. Chief Financial Officer Gregory W. Norwood will also discuss the Company’s financial performance, which will be followed by a question-and-answer session.
First Niagara Announces Changes to Executive Management Team
BUFFALO, N.Y., January 10, 2014 – First Niagara Financial Group (Nasdaq: FNFG) President and
Chief Executive Officer Gary M. Crosby today announced changes to his executive leadership team.
First Niagara Tailoring Retail Banking Experience to Match Evolving Customer Preferences
BUFFALO, N.Y., January 8, 2014 – First Niagara Financial Group, Inc. (NASDAQ: FNFG) today announced steps that the company is taking to further tailor its retail banking staffing and in-branch experience to match evolving customer preferences. Across the financial services industry, in-branch traffic is declining as individuals opt for alternative delivery channels such as online and mobile banking. More than 140,000 users signed up for First Niagara’s mobile banking application in its first year, more than 40 percent of the company’s approximately one million customers are registered online banking users, and usage of telephone banking services and ATM networks continues to grow.
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