Banks Cash In With New Customers

August 10, 2012 Updated Aug 10, 2012 at 7:19 AM EDT

By WKBW News

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August 10, 2012 Updated Aug 10, 2012 at 7:19 AM EDT

BUFFALO, NY (WKBW) - The sale of nearly 200 HSBC branches means many customers are switching banks, but some are going to the competition that wasn't even involved in the sale. After First Niagara Bank bought up 195 HSBC branches, some branches were shuffled among Key Bank, Five Star Bank and community Bank. Now a report in today's Business First shows how M&T and Evans Banks also benefited from those changes.

The report says M&T deposits are up 11 percent for the first quarter this year and 15 percent for the second quarter. That's compared to 3 to 5 percent growth in the bank's other markets. Evans Bank has also enjoyed growth. Both credit the HSBC changes.

Today's high tech toddlers are going after smart phones, Ipads and computer mouses. Researchers at Fisher-Price realize that and are out with a new line of products for children six months and older.
A report in today's Business First looks at the Apptivity product line that protects expensive electronics with cases for Iphones and Ipods or an Apptivity monkey where kids can access apps by squeezing its paw. You can read more in today's Business First.

Business First is ready to talk sports with some of the area's most influential figures: the head of the Sabres, Bills, Bisons and more. The event will be held on Thursday, August 16th at 7:30am at Salvatore's. Registration is required in advance. You can call 541-1631 for more information or go to wkbw.com for a link to the registration form from Business First.

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