First Niagara to Feds: We're Outta Here

would be cool to have a couple of big time home-grown banks headquartered up here..might just get enough critical mass to attract some related corporations to set up shop

Take advantage of New York's favorable financial laws while dodging the insane costs of NYC

good luck

This exposes the EXACT lunacy of the Federal Government's actions in both the BUSH and OBAMA administrations.

This exposes the EXACT lunacy of the "TO BIG TO FAIL" myth.

The so called credit crisis didnt happen because of the poor being unqualified for loans or all the other myths that blame the poor and working class...although I am not denying the shreds of truth that some of these loans should not have taken place.

The real credit crisis happened at the big big full service banks and financials like Bear Stearns, AIG, Goldman Sachs, Citi, etc which engaged in credit default swaps, hedges, derivatives, etc. They were leveraged over 100:1 and in some cases 200:1 and it was they that couldnt handle the downward lending cycle in banks which were managed under the FDIC.

Credit Unions and Banks were for the most part healthy and the biggest parts of the stimulus should have gone to allowing healthy banks and credit unions take over the assets of full service banks like Citi, Chase, etc.

In effect bringing back Glass Steagal. If that had happened then local banks like M&T, Marine Midland, First Niagara, etc would have become huge.

The growth at First Niagara is what should have been happening from DAY1!!!!

Buffalo should be well positioned in Banking and Finance going forward and I hope to hear more such news from the other Buffalo based banks and credit unions.

From a source in the company I was told that First Niagara will be expanding and taking up I believe the entire 6th floor of the Larkin Building. So FN does indeed have a downtown presence but it would be nice if their corporate office moved downtown as well. It's located now at the end of the I 990, Lockport Expressway.

Well if First Niagara keep growing, maybe we can dust off those plans for City Tower. That would be awesome!