First Niagara adds exec for business expansion

October 16, 2013 Updated Oct 16, 2013 at 9:16 AM EDT

By Allissa Kline, Buffalo Business First Reporter

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First Niagara adds exec for business expansion

October 16, 2013 Updated Oct 16, 2013 at 9:16 AM EDT


The asset-based lending unit of First Niagara Financial Group Inc. has hired a longtime banker to drum up new business opportunities for the Buffalo-based financial institution.

Keith Broyles is been hired as national director of new business development for First Niagara Commercial Finance, the company said Tuesday. He heads up a team charged with building the bank's asset-based lending portfolio, identifying growth opportunities and screening and closing out ABL deals.

Though Broyles is based at First Niagara Commercial Finance's headquarters in Dedham, Mass., just outside of Boston, he is the regional business development contact for Western New York, as well as New England, the tri-state area, eastern New York, western Pennsylvania and Ohio.

Broyles was most recently employed by Sovereign Bank in Boston. He has also worked at Siemens Financial Services, National Bank of Canada and Shawmut Bank.

First Niagara Financial Group is the parent of First Niagara Bank N.A. The asset-based lending division specializes in providing $5 million to $50 million in credit to be used for working capital, mergers and acquisitions, recapitalizations, turnarounds and restructurings.

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