|08:44 EDT||FNFG||First Niagara announces formation of Tri-State Region in Nyack, NY|
First Niagara announced the formation of its new Tri-State Region, which includes markets in Lower Hudson Valley, Fairfield County, CT and Northern New Jersey. The central office for the Tri-State Region will be located in Nyack, NY, where First Niagara currently operates a branch office, and will be supported by its regional office in Norwalk, CT, which will continue to serve Fairfield County customers. Current centers of operations in New Haven, Hartford, and Manchester, CT, part of First Niagara's New England Region, will remain the same. The new Tri-State Region offers significant growth opportunities for First Niagara's commercial lending business in particular. The three markets in the region have a high concentration of large firms in the manufacturing, healthcare and other industries with substantial capital requirements.