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The Buffalo, N.Y. company has struggled to gain traction from last year's purchase of more than 100 HSBC branches.
March 19 -
John Koelmel recently became the president of HarborCenter Development, a Buffalo, N.Y., real estate company with ties to a professional hockey team.
July 19
John Koelmel will receive a severance package from First Niagara Financial Group (FNFG) that is 38% smaller than previous reports had indicated.
Koelmel, whom the Buffalo, N.Y., bank
A Buffalo news station reported in May that Koelmel and the $37 billion-asset company had reached a deal under which the former CEO
But Koelmel could stand to earn far more than $3 million if First Niagara's stock rises, the
Koelmel