First Niagara Financial Group Inc. has completed its acquisition of NewAlliance Bancshares Inc. of New Haven, Conn.
The Buffalo, N.Y., company said that the $1.5 billion purchase created a bank with over $30 billion of assets and $18 billion of deposits in Connecticut, Massachusetts, Pennsylvania and New York.
First Niagara said three of NewAlliance's directors Roxanne Coady, Carlton Highsmith and Nathaniel Woodson had joined its board. The closing was announced late Friday.
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