Banks to keep mortgage operations in Buffalo

Posted at 8:00 AM, Dec 18, 2015
and last updated 2015-12-18 12:25:39-05

KeyCorp has announced some promising plans for after its acquisition of First Niagara Financial Group.

KeyBank says it plans to keep mortgage operations in Buffalo, and it will expand First Niagara Bank's mortgage capabilities upon completion of the merger.

"We are excited to make this first announcement as we plan to leverage each organization's existing capabilities after the merger," said Chris Gorman, president, Key Corporate Bank, who leads the merger integration team, comprising both KeyCorp and First Niagara team members. "As KeyBank looks to combine companies, retaining the knowledge and experience of those employees within First Niagara's operations is critical, and expanding our footprint will provide job opportunities in both fulfillment and servicing to support the additional transactional volume."

The company says they anticipate hiring about 300 employees for the expansion.




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