KeyBank will combine office space in Buffalo, as its acquisition of First Niagara Bank takes root.
By late this month, Key will move about 40 employees from the Delaware North Building, at 250 Delaware Ave., to its corporate offices in the Larkin at Exchange Building.
“The move further integrates the market leadership team and other teams and positions Key for planned future growth,” Key said in a statement. “By bringing all of its Western New York administrative and other local business line teams together on the Larkinville campus, Key will be able to better and more efficiently serve its customers and the community.”
Key already leases about 114,000 square feet on the seventh and ninth floors of the Larkin at Exchange Building, as well as 63,000 square feet in the neighboring Larkin U building. The bank will continue occupying all of that space.
The Larkinville offices were the headquarters of First Niagara Financial Group. Key continued using that space when its deal for First Niagara was completed last summer and declared Larkinville its Northeast regional headquarters.
This will be the second move in a relatively short time for some Key employees. In November 2015, the bank moved its Buffalo administrative offices from Key Center at Fountain Plaza to the sixth floor of Uniland Development’s new building at 250 Delaware Ave. Just as Key completed that move, the bank announced plans to acquire First Niagara.
Key expects to find a tenant to sublease the nearly 14,000 square feet of space it has at 250 Delaware, said Drez Jennings, a Key spokeswoman.
Key has a branch on the first floor of 250 Delaware. That location will continue to operate.