First Niagara Financial group, a New York-based provider of financial services, has completed the acquisition of 57 Western Pennsylvania bank branches including $3.9 billion of deposits and $757 million of performing loans from National City Bank, a subsidiary of The PNC Financial Services Group.
Reportedly, all acquired branches in and around Pittsburgh, Warren and Erie, Pennsylvania opened as First Niagara locations. The bank has said that all First Niagara customers can also bank at 69 ATMs across the area.
John Koelmel, president and CEO of First Niagara, said: “We are very pleased to begin serving more than 200,000 customers across Western Pennsylvania. Our ability to complete this transaction and re-open these branches as First Niagara locations, in less than five months, is a tribute to our employees, especially the more than 500 new Pennsylvania-based colleagues who we welcome into the First Niagara family.”
