Sixty-nine First Niagara branches, including 16 in Western New York, will close on the afternoon of Oct. 7 as part of KeyCorp’s acquisition of First Niagara Financial Group.
Customers’ accounts at the locations will be automatically transferred to a nearby branch that will reopen for business on Oct. 11, said Jack Sparks, a KeyCorp spokesman.
Key had previously identified which branches would close in October. Customers whose branches are shutting down received letters notifying them of the exact date.
Key announced earlier this month that it will close 106 branches in four states. For the locations shutting down in October, Columbus Day weekend gives Key an additional day to make the transition, since branches will be closed for business on Oct. 10.
In Western New York, 13 of the First Niagara branches closing on Oct. 7 will shift their accounts to a Key branch. At three other First Niagara branches, customers’ accounts will move to another First Niagara branch, which will eventually become a Key branch.
Key aims to complete its deal for First Niagara on Aug. 1 and convert all the branches’ systems in the fourth quarter, pending approval from the Office of the Comptroller of the Currency.
Key has identified 37 other branches – a mix of First Niagara and Key locations - that will be closed and consolidated, either in November or on dates yet to be announced. Customers with accounts at those branches will be told specifics once those dates are announced.