First Niagara Bank - Citizendia

First Niagara Bank
Type	Public
Founded	United States (1870)
Headquarters	Lockport, New York
Area served	Mid-Atlantic
Key people	John R. Public is of or pertaining to the people relating to or affecting a nation state or community opposed to private; as the public treasury a road or lake The United States of America —commonly referred to as the Year 1870 ( MDCCCLXX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar (or a Common Lockport is a City in Niagara County, New York, United States. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous Koelmel Michael W. Harrington Robert G. Weber
Industry	Banking and Finance
Products	Financial Services
Employees	~1800
Parent	First Niagara Financial Group, Inc. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money The field of finance refers to the concepts of Time, Money and Risk and how they are interrelated In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Financial services refer to services provided by the finance industry. Employment is a Contract between two parties, one being the employer and the other being the employee. A holding company is a company that owns part all or a majority of other companies' outstanding Stock.
Website	[1]

First Niagara Bank (NASDAQ: FNFG)is an FDIC-insured regional banking corporation headquartered in Lockport, New York. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The NASDAQ (acronym of National Association of Securities Dealers Automated Quotations) is an American Stock exchange. The Federal Deposit Insurance Corporation ( FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933 Lockport is a City in Niagara County, New York, United States. It was founded in 1870 as Farmers and Mechanics' Savings Bank and was then re-branded as Lockport Savings Bank in 1967. The bank was based in its home county, Niagara until the 1990s when it spread to nearby Buffalo, New York and its surrounding Erie County, New York. Niagara (electoral district Niagara County is a County located in the U Buffalo (ˈbʌfəloʊ is the second largest city in New York State. Part of this growth could be attributed to the collapse of the Buffalo-centric banks Goldome and Empire of America. [2] Most of this growth was from the recruitment of new customers, as opposed to the purchase of other firms' assets. Although, in 1998 the bank did purchase the regional insurance brokerage firm Warren-Hoffman & Associates Inc. as a means of entering the insurance business. [3] As of 2007, the bank had over $8 billion in assets, 120 branches in 24 counties of New York State, and a workforce of over 1800 employees.

In September, 2007 it was announce that First Niagara was to purchase Great Lakes Bancorp, parent company of Greater Buffalo Savings Bank. The price to purchase the 16 branch bank was $153 million. With the nearly $900 million of assets of the Great Lakes Bancorp, First Niagara became the fourth largest bank in the Buffalo-Niagara region [4] [5].

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See also