This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

First Niagara's Fourth Annual Survey Shows Boost In Optimism Of Upstate NY Business Leaders

BUFFALO, N.Y., Feb. 9, 2011 /PRNewswire/ -- Upstate New York business leaders are more optimistic about business conditions for their own industries and the state's overall economy in 2011 than at any time in the past four years, according to First Niagara's Annual Survey of Upstate New York Business Leaders released today.

Although these business leaders are more optimistic than in the past, an overall Confidence Index of 98.4 on a scale of zero to 200 still shows a mixed viewpoint when these leaders look at current and future economic conditions.

Survey results were based on responses from 645 leaders of private businesses in the four major Upstate markets of Buffalo, Albany, Rochester and Syracuse.

“Businesses have fought through and survived the toughest economic times of the past 80 years,” said John R. Koelmel, president and CEO of First Niagara Financial Group Inc. (Nasdaq: FNFG), the parent company of First Niagara Bank. “Although still cautious, the more balanced outlook is encouraging as we continue to emerge from the economic challenges we experienced.”

"Our 2011 survey reflects what we see on the front lines with our customers across Upstate New York," Koelmel added.  "As a strong, community oriented bank, we have seen the beginnings of improved demand for loans from businesses seeking to renew meaningful investments in their organizations to drive top-line growth."

Responding to First Niagara's fourth annual survey, conducted during the final quarter of 2010, were chief executive officers, chief financial officers and other senior managers of private businesses with $5 million to $150 million in annual sales.

Survey results are available at  


First Niagara Financial Group, Inc., through its wholly owned subsidiary, First Niagara Bank, N.A., has $21 billion in assets, 256 branches and $13 billion in deposits. First Niagara Bank, N.A. is a multi-state community-oriented bank providing financial services to individuals, families and businesses. Upon completion of its pending merger with NewAlliance Bancorp, Inc. -- subject to customary closing conditions including approvals from regulators -- First Niagara will have more than $29 billion in assets, $18 billion in deposits and 340 branches across Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more information, visit

SOURCE First Niagara Financial Group, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.81 -0.46%
FB $118.68 0.74%
GOOG $706.06 0.66%
YHOO $36.89 -0.14%
TSLA $212.08 0.26%


Chart of I:DJI
DOW 17,651.43 -9.28 -0.05%
S&P 500 2,041.82 -8.81 -0.43%
NASDAQ 4,690.20 -26.8940 -0.57%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs