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Thursday, September 02, 2010
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Banking and Finance
by Kevin Tampone

First Niagara Financial Group, Inc.’s pending acquisition of New Haven, Conn.–based NewAlliance Bancshares, Inc. should lead to more jobs for First Niagara in upstate New York.


by Kevin Tampone

SYRACUSE — One of Upstate’s largest credit unions plans to acquire a mortgage-banking company with an office in Salina next month.


by Traci DeLore

ROME — Amid efforts to resolve compliance issues with the federal Office of Thrift Supervision, Rome Bancorp, the holding company for The Rome Savings Bank, reported second-quarter earnings that fell just short of analyst expectations.


by Kevin Tampone

 

First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced another major expansion today, this time into New England.

First Niagara and New Haven, Conn.-based NewAlliance Bancshares, Inc. (NYSE:NAL) announced that they will combine in a cash and stock transaction worth $1.5 billion. NewAlliance shareholders will receive 1.10 shares of First Niagara stock for each NewAlliance share they own.


by Kevin Tampone

 

A new study from Bankrate, Inc. found that New York's home-mortgage closing costs were the highest in the nation.

The company released its 2010 Closing Costs Survey on Monday. The survey found that New York led the nation with average origination and closing costs of more than $5,600. Arkansas was the least expensive area with average fees of more than $3,000.



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