BUFFALO, N.Y., Oct. 4, 2012 (GLOBE NEWSWIRE) -- First Niagara Financial Group, Inc. (Nasdaq:FNFG) named Jeffrey J. Maddigan, a 19-year veteran of the bank, to serve as its Treasurer, effective immediately.
Prior to this, Maddigan served as Senior Director of Balance Sheet Strategy, overseeing the team responsible for the company's investment portfolio, wholesale funding, capital management, and product pricing.
As Treasurer, Maddigan will now also be responsible for interest rate risk, capital, and liquidity management for the holding company and its bank subsidiary."Jeff brings a tremendous depth of knowledge in balance sheet management to the position, as well as an outstanding breadth of experience gained over his nearly two decades with First Niagara," Chief Financial Officer Gregory W. Norwood said. "Jeff has played critical roles in our Treasury activities, including executing our HSBC pre-closing securities strategy and our investment securities portfolio repositioning completed in June. I look forward to our benefitting even further from his skills and experience in his role as Treasurer." During his tenure with the company, Maddigan has also served First Niagara in a number of other key finance department roles, including asset-liability management, budgeting and forecasting, and profitability analysis. An active member of the community, Maddigan is currently a board member, Treasurer and Finance Committee chair at Buffalo's Irish Classical Theatre Company, and he has also served on the Town of Amherst Youth Board and the Lockport YMCA board of directors. Maddigan earned his M.B.A. in finance and his bachelor's degree in accounting from Canisius College. About First Niagara First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with nearly 430 branches, approximately $35 billion in assets, $28 billion in deposits, and approximately 6,000 employees providing financial services to individuals, families and businesses across Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more information, visit www.firstniagara.com .
CONTACT: Investors: Ram Shankar Senior Vice President, Investor Relations (716) 270-8623 firstname.lastname@example.org News Media: David Lanzillo Senior Vice President, Corporate Communications (716) 819-5780 email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV