(FNFG), through its subsidiary, First Niagara Bank, provides financial services to individuals and businesses in Upstate New York.
The company primarily accepts deposits and generates loans.
Its deposits comprise savings accounts, negotiable order of withdrawal accounts, checking accounts, money market accounts, and certificates of deposit.
FNFG’s lending activity consists of residential mortgages, commercial real estate loans, commercial business loans and equipment leases, home equity and consumer loans, and long-term fixed rate residential mortgage loans.
The company invests in U.
S. Government and agency securities, municipal bonds, corporate debt obligations, and corporate equity securities, as well as in mortgage-related securities.
It also offers risk and wealth management products and services, including the sale of consumer and commercial insurance on an agency basis, as well as investment and trust services.
As of December 31, 2003, the company operated approximately 68 banking centers.
FNFG was founded in 1998 and is based in Lockport, New York.
