| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
354 |
| Employees |
5,428 |
| Revenues (TTM) (Millions $) |
1,314 |
| Net Income (TTM) (Millions $) |
220 |
| Cash Flow (TTM) (Millions $) |
-6 |
| Capital Exp. (TTM) (Millions $) |
85 |
Business Description
First Niagara Financial Group Inc. was a regional bank holding company headquartered in Buffalo, New York. It was founded in 1870 and grew to become the 44th largest bank in the United States by assets with $39.8 billion in total assets at the time of its acquisition. First Niagara provided a range of financial services and products to individuals, families, and businesses, including deposit accounts, loans, credit cards, wealth management, and online banking.
Throughout its history, First Niagara expanded through strategic acquisitions, including the purchase of NewAlliance Bancshares, Greater Buffalo Savings Bank, and Harleysville Savings Financial Corp. These acquisitions allowed First Niagara to increase its geographic presence and strengthen its financial position.
The bank had over 400 branches across Connecticut, New York, Massachusetts, and Pennsylvania, with a total of over 5,000 employees. Its customer base included individuals, small and medium-sized businesses, and corporate clients. The bank provided a wide range of financial solutions tailored to meet each customer's specific needs, including checking and savings accounts, CDs, consumer and commercial loans, and wealth management services.
First Niagara was committed to providing personalized banking services to all of its customers. Its highly trained and professional staff focused on delivering excellent customer service while creating long-term relationships with clients. The bank's mission was to be the leading financial services provider in its markets by delivering superior customer value, innovation, and excellence.
In 2015, First Niagara was acquired by KeyBank, one of the largest bank-based financial systems in the United States. The acquisition created a bank with over $135 billion in assets and 1,366 branches, primarily concentrated in 15 states. The integration of First Niagara into KeyBank allowed the bank to further strengthen its presence in the Northeast region and enhance its product offerings to customers.
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