Where is first niagara bank located? First Niagara Bank was established on Jan. 1, 1870. Headquartered in Buffalo, NY, it has assets in the amount of $39,006,753,000. Its customers are served from 388 locations.Did first niagara buy albion bancorp? Although, in 1998 the bank did purchase the regional insurance brokerage firm Warren-Hoffman & Associates Inc. as a means of entering the insurance business. First Niagara, in 2000, acquired Albion Bancorp of Albion, NY to bring the total number of bank branches to 22.Why did first niagara bank change its name? In 2000 the bank was rebranded as First Niagara. The bank was based in its former home county, Niagara until the 1990s when it spread to nearby Buffalo, New York and its surrounding Erie County. Part of this growth could be attributed to the collapse of the Buffalo-centric banks Goldome and Empire of America.
The Bank is a wholly-owned subsidiary of First Niagara Financial Group, one of the 10 largest banks in the Philadelphia region. Total assets: US$ 36.9 billion (as of December 31, 2012). Member FDIC (each depositor insured to at least USD 250,000).
Niagara Bancorp is a Delaware corporation, formed to be the holding company of the Bank. After the reorganization, Niagara Bancorp will own all of the Bank's common stock. Purchasers in the offering will own 45.4% of Niagara Bancorp's common stock, the charitable foundation will own 1.3% of the shares of Niagara Bancorp common stock, and the