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First Niagara Financial Group Inc. (FNFG)On Nov 20: 13.25   0.00 (0.00%)  
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First Niagara Financial Group Inc.
6950 South Transit Road
PO Box 514
Lockport, NY 14095-0514
United States - Map
Phone: 716-625-7500
Fax: 716-625-8405
Web Site: http://www.fnfg.com

DETAILS 
Index Membership:S&P 400 MidCap
S&P 1500 Super Comp
Sector:Financial
Industry:Savings & Loans
Full Time Employees:1,909

BUSINESS SUMMARY 
First Niagara Financial Group, Inc. operates as the holding company for First Niagara Bank that provides retail and commercial banking, and financial services to individuals, families, and businesses. It offers retail deposit accounts, which consist of savings, negotiable order of withdrawal, checking, money market, and certificate of deposit accounts, as well as provides commercial account comprising business savings and checking, money market, and cash management accounts, as well as municipal deposit account. The company’s loan portfolio includes commercial real estate and multi-family loans; commercial business loans comprising term loans, letters of credit, and lines-of-credit; residential real estate loans; home equity loans; consumer loans consisting of indirect mobile home loan, and personal secured and unsecured loans; and specialized lending loans, including commercial leases and insurance premium financing. In addition, First Niagara Financial Group provides risk management services, including claims investigation and adjusting services, third party administration of self insured workers compensation plans, and alternative risk management services, as well as self insurance consulting services. Further, it offers employee benefits plan and compensation consulting services. Additionally, the company provides wealth management services that manage client funds utilizing various third party investment vehicles comprising stocks, bonds, mutual funds, and annuities, as well as other investment products, such as individual retirement accounts, education savings plans, and retirement plans. As of December 31, 2008, it operated 114 bank branches in 21 counties that span across Upstate New York. The company was founded in 1870 and is based in Lockport, New York.
Key Statistics

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    CORPORATE GOVERNANCE 
    First Niagara Financial Group Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 78.3% of S&P 400 companies and 97.9% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. John R. Koelmel , 56
    Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chief Exec. Officer of First Niagara Bank, Pres of First Niagara Bank of First Niagara Bank
    N/A N/A
    Mr. Michael W. Harrington ,
    Chief Financial Officer and Chief Financial Officer of First Niagara Bank
    N/A N/A
    Mr. Frank J. Polino , 49
    Exec. VP of Operations
    $ 410.00KN/A
    Mr. Daniel E. Cantara III, 49
    Exec. VP of Commercial Bus. Services and Regional Pres of Western New York
    N/A N/A
    Mr. J. Lanier Little , 56
    Exec. VP of Consumer Banking
    $ 490.00KN/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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