KeyBank will open a branch in the Conventus medical office and research building on Main Street, the final step for a project that was hatched by First Niagara Bank.
The branch, at Main and High streets, is set to debut March 27. It's an opening that has been years in the works.
Back in 2013, First Niagara closed its location at 973 Main St. to make way for the University at Buffalo's new medical school. The bank gave the 0.85 acre parcel to the project for $1. Officials appraised the land, which is at the northern end of the Buffalo Niagara Medical Campus, at $2 million.
First Niagara moved into a nearby temporary branch at 1031 Main St., with plans to open a location in Conventus when Ciminelli Real Estate Corp. completed the building. But in October 2015, Key announced plans to acquire First Niagara. It wasn't clear when the Conventus location would open, as Key decided how to combine the two banks' branch networks. The Key-First Niagara deal was completed last summer.
With the opening date now set, Key will close its location at 1031 Main St. location at 3 p.m. on March 24. Customer accounts will shift to the Conventus location that weekend, as will the branch's seven employees.
"KeyBank shares this commitment to the Buffalo community and we are excited to open this new location to help the (Buffalo Niagara Medical Campus) and its surrounding neighborhood thrive," said Buford Sears, KeyBank's Buffalo region market president, in a statement. "Our team is working hard to ensure it is as smooth a transition as possible for our clients.”
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