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Home > Company Index > Banking > Banking - Northeast > First Niagara Financial Group, Inc.

First Niagara Financial Group, Inc.
Nasdaq: FNFG
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 PROFILE
A lot of water and a few barrels have gone over the falls since Lockport Savings was founded in 1870. Lockport Savings is now First Niagara Financial Group (formerly Niagara Bancorp), the acquisitive parent of First Niagara Bank, Cortland Savings Bank, and Cayuga Bank, which operate more than 30 offices in western and central New York. The banks offer standard retail products including checking, savings, and money market accounts; NOW accounts; and CDs. Residential mortgage loans make up nearly 60% of the company's loan portfolio. Subsidiaries sell annuities, mutual funds, and insurance products. First Niagara Financial Group, MHC owns more than 60% of First Niagara Financial.

 COMPETITION
Alliance Financial Corporation (ALNC)
KeyCorp (KEY)
M&T Bank Corporation (MTB)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 171.10
1-Yr. Sales Growth: 26.3%
Employees: 930
Revenue per employee: $183,978.49

 KEY PEOPLE
• William E. Swan
    CEO
• Daniel A. Dintino
    CFO

 CONTACT INFO
6950 S. Transit Rd.
Lockport, NY 14095
US
Phone: 716-625-7500
Fax: 716-625-8405
Online: Web Site

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