Now that KeyCorp has acquired First Niagara Financial Group, Key is taking steps to bring First Niagara’s employees into the fold.
“The activities are designed to welcome our new colleagues and introduce Key to First Niagara’s clients,” said Jack Sparks, a Key spokesman.
This week, First Niagara employees will receive individualized outreach from Key’s leadership team and receive detailed information about working at Key, he said. Starting next week, Key will hold employee town halls throughout its markets to discuss Key, its culture and its strategy.
Later into the month and into September, Key plans to hold leadership training sessions in its markets, and each group within its company will host sessions and meetings to introduce employees to their new teams, Sparks said.
Monday was the first official day of Key’s acquisition of First Niagara. The employee meetings and town halls reflect Key’s efforts to bring together two banks that, until this week, were competitors. The sessions also give Key a chance to introduce itself in the markets of First Niagara’s four-state footprint, which are new to Cleveland-based Key.
Further steps are yet to come. Key will start closing and consolidating some First Niagara branches in early October, and expects to convert First Niagara branches to Key’s branding in the fourth quarter.