What Is the History of First Niagara Bank?


Quick Answer

First Niagara Bank, National Association, was founded in 1870 and is based in Buffalo, New York. The bank operates as a subsidiary of First Niagara Financial Group.

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Full Answer

First Niagara Bank provides banking services to consumers, small businesses and commercial clients. It provides services to customers in New York state, Pennsylvania, Connecticut and Massachusetts. The type of services it provides include checking and savings accounts, credit cards, home loans, and auto loans. The bank also provides investment services, such as retirement and educational planning services.

In recent years, First Niagara Bank has partnered with several insurance companies to expand its insurance and risk management services. Recent acquisitions and partnerships include with Pearson & Smith in April 2011, Banyan Consulting in December 2010, Summit Insurance Group and Summit Benefits in November 2010 and RTI Insurance Services in August 2010.

First Niagara Bank also provides financial support, volunteer hours and professional advice to its community partners. In 2007 the bank established the Mentoring Matters program. The program has provided more than $6.25 million to mentoring programs for young adults in need in New York state, Pennsylvania, Connecticut and Massachusetts. The bank also provides affordable housing loans to help build and rehabilitate homes and apartments for low to middle-income seniors, veterans, families and the disabled.

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