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Cleveland-based KeyBank National Association is on track to acquire 37 retail banking branches owned by HSBC Bank in Rochester and Buffalo. The closing is expected to occur on July 13, with KeyBank acquiring 26 branches in the Buffalo area and ...
Read More »First Niagara Bank agrees to sell 27 NY branches
BUFFALO — First Niagara Bank has announced agreements to sell 27 branches to two upstate New York buyers as it moves ahead with its acquisition of HSBC Bank’s regional retail network. The Buffalo-based bank announced the separate sale of 37 ...
Tagged with: branches First Niagara Bank HSBC sale
Read More »Feds: First Niagara, HSBC to divest 26 branches
BUFFALO — Federal officials say First Niagara Financial Group and HSBC Holdings PLC have agreed to sell 26 New York bank branches to satisfy antitrust concerns arising from First Niagara’s planned purchase of the London-based financial giant’s upstate retail network. ...
Tagged with: branches HSBC Justice Department
Read More »With HSBC acquisition, First Niagara grows
What does First Niagara Financial Group’s acquisition of 195 branches of HSBC Bank USA across upstate New York and Connecticut mean for the regional banking industry? More competition, according to one local expert, and more opportunities for those who can capitalize on them, said another.
Tagged with: acquisition branches First Niagara Bank HSBC upstate New York
Read More »HSBC will maintain NY work force; selling branches
BUFFALO — HSBC doesn't expect the bank's plan to cut 30,000 jobs worldwide by 2013 to make a big dent in its western New York work force. The British banking group announced the job cuts on Monday ...
Tagged with: bank branches HSBC layoffs
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