First Niagara Bank is a Federal Deposit Insurance Corporation (FDIC) insured regional banking corporation with headquarters in Buffalo, New York. Through its wholly owned subsidiary, First Niagara Bank, National Association, First Niagara is a multi-state community oriented bank with approximately $31 billion is assets and $20 billion in deposits. As of December 31, 2011, the bank has around 5,000 employees, and operates 351 domestic branch locations in four states of the country.
First Niagara Bank provides financial products and banking services to individuals, families, and businesses throughout Upstate New York, Connecticut, Pennsylvania, and Massachusetts. The bank offers specialized expertise in retail banking, commercial banking, international banking solutions, wealth management, capital markets, insurance, and risk management to assist businesses in moving toward the right direction. First Niagara provides a wide variety of banking products that include checking, savings, money market, loans & credits, mortgages, life insurance, treasury management, business insurance, and government services.
First Niagara Bank, N.A. was founded in January 1870 under the name of Farmers and Mechanics’ Savings Bank. In 1967, the bank was re-branded as Lockport Savings Bank. The bank was headquartered in its earlier home county, Niagara until the 1990s when the bank branches started to spread to Buffalo, New York and the surrounding Erie County. First Niagara purchased 57 of the 61 National City branche offices located in Erie and Pittsburgh, Pennsylvania in April 2009.
In August 2010, First Niagara publicized its acquisition of NewAlliance Bank of Connecticut, which provided the bank with more than 340 branch offices and 500 ATMs. The shareholders approved the acquisition in December 2010; however, the final transaction was closed in April 2011. On July 31, 2011, First Niagara Bank declared that they have purchased all of HSBC’s Upstate New York brache offices for $1 billion. The bank also bought the naming rights for the HSBC Arena in Buffalo, and renamed it the First Niagara Center.
|Bank Name||First Niagara Bank, National Association|
|Year of Establishment||January 1, 1870|
|FDIC Insured Since||July 1, 1943|
|FDIC Certificate No||16004|
|Number of Branches||447 domestic branches|
|Number of ATMs|
|Number of Employees||5,807|
|Number of States Served||4 States|
|Services Offered (Available Accounts)||Checking, Savings, Loans & Credits, Mortgages, Money Market, Personal Insurance, Commercial Banking, Wealth Management, Government Services.|
|Mobile and Online Banking||Online Account Login, Account Balance Enquiry, Online Bill Pay, Text Banking, Funds Transfer, Mobile Banking App.|
|Assets (Dec 31, 2013)||37,576,781|
|Liabilities (Dec 31, 2013)||32,339,255|
|Equity Capital (Dec 31, 2013)||5,237,526|
|Net Income (Dec 31, 2013)||102,964|
|Primary Federal Regulator||Office of the Comptroller of the Currency (OCC)|
|Address||726 Exchange Street, Suite 106, Buffalo, New York 14210, County of Erie.|
(Courtesy: FDIC as on Dec 31, 2013)