This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

First Niagara Partners With City Of Rochester To Donate Former Bank Branch To Lexington Avenue Federal Credit Union To Ensure Ready Community Access To Financial Services

Stocks in this article: FNFG

ROCHESTER, N.Y., Jan. 15, 2013 (GLOBE NEWSWIRE) -- First Niagara Financial Group, Inc. (Nasdaq:FNFG) today announced its donation of a former bank branch on Joseph Avenue to the Lexington Avenue Federal Credit Union. The branch donation, which includes the title to the property, and all of the building's contents, technology and furniture, is valued at approximately $200,000. The agreement ensures the Joseph Avenue community will have continued ,convenient access to financial services.

In addition to the branch donation, First Niagara is providing a $10,000 grant to the Joseph Avenue Business Association to support development of its four-part strategic plan for revitalization of the neighborhood.

"First Niagara has always made investing in the communities we serve a top priority," said First Niagara Rochester Market Executive Suzanne Nasipak-Chapman. "We want to make sure that residents and businesses in the Joseph Avenue neighborhood maintain access to a successful financial institution close to where they live and work."

First Niagara sought input from the City of Rochester in order to find a credit union with interest in the space. Together, First Niagara and the City approached the Lexington Avenue Federal Credit Union, which was eager to add a second location for its members to conduct their banking. 

"This is truly good corporate citizenship at its best. It's great to see a dedicated company like First Niagara recognize the needs of the neighborhood, and be willing to do something about it," said Rochester Council President Lovely A. Warren, Northeast District.  "The collaboration between First Niagara and the Lexington Avenue FCU with the Rochester City Council is an approach we applaud and we encourage more businesses to take."

Charles Casaceli, CEO of Lexington Avenue FCU, noted, "When First Niagara and the City Council approached us, we saw this as an excellent opportunity for government, business, and not-for-profit to do something with the best of intentions for Rochesterians in mind. We're grateful to First Niagara for its generosity and pleased that our current and new customers will benefit from the added convenience provided by this expansion."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs