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Stock Market & Financial Investment News

News Breaks
February 6, 2013
08:44 EDTFNFGFirst 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.
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February 10, 2016
15:22 EDTFNFGNY Governor requests KeyCorp acquisition of First Niagara be blocked
New York Governor Andrew Cuomo officially requested that federal officials block KeyBank's (KEY) proposed acquisition of First Niagara (FNFG), stating: "The proposed acquisition of First Niagara by Key Bank would have a devastating impact on consumers and businesses in Upstate New York, and I urge the federal government to reject the application. This proposal would reduce retail banking competition, limit consumer access and convenience, and ultimately eliminate jobs throughout the region. Blocking this deal is the right thing to do - plain and simple - and my administration will not hesitate to stand up for New Yorkers by opposing this acquisition." Shares of First Niagra are down 3.4% to $9.01 following the announcement.
15:19 EDTFNFGNY Governor requests First Niagara acquisition by KeyCorp be blocked
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February 5, 2016
07:34 EDTFNFGFirst Niagara reports Q4 EPS 15c, consensus 15c
Reports Q4 book value per share $10.78. Reports Q4 CET1 capital ratio 12%.

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