Regulators Approve KeyCorp's Plan to Buy First Niagara
Tuesday, July 12, 2016
Source: Buffalo Business First
The deal – which will transform the banking landscape in Western New York – now awaits formal approval from the U.S. Office of the Comptroller of the Currency.
KeyCorp (NYSE: KEY) expects to close the deal on Aug. 1, nine months after it was first announced. When finalized, the Cleveland-based company will operate the No. 2 largest retail bank in Western New York, trailing only Buffalo-based M&T Bank (NYSE: MTB).