First Niagara to Sell $400 Million in Stock

Summary


First Niagara Financial Group said today it plans to sell about $400 million worth of common stock to further fortify its capital position.

The bank, based outside Buffalo, entered the Pittsburgh-area market earlier this month when it acquired 57 National City Bank branches from PNC Financial Services Group.

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First Niagara to Sell $400 Million in Stock

The stock offering will be th...

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