First Niagara picks Westchester for tri-state HQ

August 22, 2014 Updated Aug 22, 2014 at 8:17 AM EDT

By Allissa Kline, Buffalo Business First

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First Niagara picks Westchester for tri-state HQ

August 22, 2014 Updated Aug 22, 2014 at 8:17 AM EDT

First Niagara Bank N.A. plans to shift its tri-state regional headquarters from Nyack to Tarrytown by the end of the year.

The Buffalo bank said it will relocate its tri-state leadership and commercial operations to a new 30,000-square-foot office at 520 White Plains Road. Approximately 75 employees who are currently based in Nyack and other locations will be part of the move.

"We are excited to be establishing our new regional headquarters in Westchester County, and into a space that enables us to have our entire team of banking professionals in one convenient location," Cathie Schaffer, tri-state regional president, said in a release. "This market is extremely important to our commercial business expansion plans and we look forward to serving the tri-state business community from such a prime location."

The bank's tri-state region includes the Lower Hudson Valley, northern New Jersey and Fairfield County, Conn. A second regional office is based in Norwalk, Conn.

The exact move-in date will be based on the amount of time needed to finish building out the new space, the bank said. The new office includes space for future growth.

First Niagara, the second-largest deposit-taker in Western New York, entered the tri-state region in 2012 following the acquisition of several dozen former HSBC Bank USA N.A. branches, including those located in the downstate area and Connecticut.

The bank operates 26 retail branches in the Hudson Valley, including five in Westchester County. It does not currently have any retail branches in New Jersey.

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