This Day On The Street
Continue to site
ADVERTISEMENT
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 Third Annual Survey Shows More Business Leaders See Pennsylvania Economy Improving Than Not In 2012









BUFFALO, N.Y., Feb. 7, 2012 /PRNewswire/ -- Leaders of private businesses in Pennsylvania are more optimistic than pessimistic about the Pennsylvania economy for 2012 and more of them than in previous years expect to hire more workers and invest in new fixed assets to grow their businesses, according to results from First Niagara's 3rd Annual Survey of Pennsylvania Business Leaders released today.

"While many CEOs are exhibiting similar levels of optimism for 2012 as they did for 2011, they are telling us that they are open for business in Pennsylvania," said Todd Moules, Western Pennsylvania regional president for First Niagara Financial Group Inc. (Nasdaq: FNFG), the parent company of First Niagara Bank.  "More of them than last year are focused on growing their businesses by increasing their workforces and investing in fixed asset acquisitions."

"The survey results are a very good reflection of what we see our customers dealing with every day across our markets in both eastern and western Pennsylvania," said Robert Kane, Eastern Pennsylvania regional president for First Niagara.  "They are looking to grow their businesses but in a financially realistic way."

Responding to the survey conducted by the Siena College Research Institute were 865 leaders of private businesses with $5 million to $200 million in annual sales.

Results are available at https://www.fnfg.com/CEOSurvey  

ABOUT FIRST NIAGARA  First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank that currently has approximately $33 billion in assets, $19 billion in deposits, more than 330 branches and 5,000 employees providing financial services to individuals, families and businesses across Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more information, visit www.fnfg.com.

When First Niagara completes its acquisition of the HSBC branches, expected to occur in the second quarter of 2012, the regional bank will have an enhanced leadership position in the Northeast, with nearly 430 locations, $30 billion in total deposits, $38 billion in assets and more than 6,000 employees serving consumers, businesses and communities across New York, Pennsylvania, Connecticut and Massachusetts. The transaction will also provide First Niagara with number-one retail market share across Upstate New York, virtually doubling its number of branches in New York State to more than 200, stretching from Buffalo to Albany and down through the Hudson Valley.

SOURCE First Niagara

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
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs