'Mad Money' Spotlight: First Niagara

First Niagara Financial(FNFG Quote) is fast becoming a regular on "Mad Money."

Last week, Jim Cramer highlighted the company in his segment on local banks. Last night, a caller again asked his take on the stock during the Lightning Round. The caller sounded skittish, wondering about the future following First Niagara's recent slide.

Cramer's answer was simple: There are a lot of failed banks coming on the horizon and First Niagara, with its solid capitalization, has great potential to scavenge and buy some of the troubled flock. "That's why I like FNFG. It reminds me very much of some of the banks, like Fleet, that I invested in, in the late '80s," he said last night. ...