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Sen. Charles Schumer, D-N.Y., has asked for more time for public comment on KeyCorp's proposed takeover of First Niagara Financial Group, and said more study is needed on the deal's potential economic impact on western New York.
December 22 -
KeyCorp will keep and expand First Niagara Financial Group's Buffalo, N.Y.-based mortgage operations to spur along its return to being a player in residential lending.
December 17 - New York
M&T Bank has begun dismissing former Hudson City Savings Bank workers in New Jersey, following the completion of its acquisition of the company.
November 9
KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.
Kirk Jensen and Craig Stickney will keep their posts and continue leading their current divisions, a KeyCorp spokeswoman said Monday. Jensen is managing director of First Niagara Risk Management. Stickney is managing director of dealer finance.
The announcement comes as one of the first developments from the integration team working to merge the two companies,
Both Jensen and Stickney joined First Niagara in 2012. Jensen previously worked at William Gallagher Associates, where he led risk management, according to his LinkedIn profile. Stickney joined First Niagara to lead its dealer financing unit. Stickney previously worked at KeyCorp and TD Bank.
Currently, KeyCorp does not operate an insurance subsidiary. That will change when it absorbs First Niagara Risk Management, which is one the largest bank-owned insurance companies in the U.S.
