First Niagara gets approval to acquire HSBC Bank branches in Connecticut, New York 

First Niagara gets approval to acquire HSBC Bank branches in Connecticut, New York

Apr 09, 2012 (Menafn - New Haven Register - McClatchy-Tribune Information Services via COMTEX) --First Niagara officials announced today that the bank has received federal approval to acquire Connecticut and upstate New York branches from HSBC Bank USA.

The Office of the Comptroller of the Currency (OCC) approved the acquisition, First Niagara officials said in a statement.

"We are very pleased to have received the OCC's approval which was the final requirement to completing the transaction on May 18," First Niagara President and Chief Executive Officer John R. Koelmel said in the statement.

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"We have begun communicating with our customers as to what they can expect in the weeks ahead and I am fully confident that our team will again deliver a smooth transition," he said.

Buffalo, N.Y.-based First Niagara's most recent acquisition in Connecticut was when it took over New Haven-based NewAlliance Bancshares.

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