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Trocaire College has received a $100,000 donation from KeyBank, in partnership with the First Niagara Foundation. The funds will be used as an endowed scholarship. Trocaire and KeyBank said the donation will provide financial support for Trocaire students as they pursue their education. Many Trocaire students come from low- to median-income backgrounds, and a majority o…

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Bank on Buffalo will have two Niagara County branches, but only for a short time. The bank at 11 a.m. Wednesday will open a newly built branch at 72nd Street and Niagara Falls Boulevard. In August 2018, Bank on Buffalo opened a temporary branch at 6947 Williams Road in Wheatfield, near the former Summit Park Mall, to give the bank a Niagara County presence until the new…

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High above downtown Buffalo, a transformative project is getting underway. M&T Bank is starting to convert vacant space inside Seneca One tower into its "tech hub." The project is significant for the future of M&T, as well as the city's tallest building, which owner Douglas Jemal is reviving. The downtown core also will benefit from a prominent new tenant. Bu…

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The Bank of Akron's brand-new Wilson branch has received a boost from New York State, in the form of millions of dollars in state deposits that the bank can tap into. The state Department of Financial Services on Thursday said it had approved a joint application by the bank and Wilson for a "banking development district." The designation gives banks an incentive to open…

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WILSON – Colleen Bowman understands how important a bank branch is to her small town. She grew up in Wilson, co-owns a grocery store there with her husband, and seems to know everyone in town. Bowman also has a lengthy résumé in banking, and her new job opportunity was too good to pass up: branch manager of Bank of Akron's new location in the Village of Wilson, which…

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KeyBank has again closed a Newfane branch that it previously closed for two months this summer due to a problem with a persistent odor caused by mold. Key closed the branch, at 2700 Main St., on Friday. The bank previously reopened the branch on Aug. 19. Key spokesman Matt Pitts said the bank closed the branch "due to ongoing concerns and out of an abundance of cauti…

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Evans Bank has never had a more profitable quarter than it did this summer. The Hamburg-based bank reported record third-quarter profits of $5.2 million, up 8% from its previous record of $4.8 million a year ago. "A lot of things went well for us," including in loans, deposits and noninterest income, said David J. Nasca, the bank's president and CEO. Nasca said he…

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Community Bank System's planned $107 million deal for Steuben Trust Corp. is a reawakening of sorts. It's the first time since KeyCorp completed its deal for First Niagara Financial Group in 2016 that two banks with a Buffalo Niagara presence are on track to merge. The Community Bank-Steuben Trust deal announced Monday is expected to close in the second quarter of 2020,…

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Citizens Bank will close a branch inside a Tops supermarket in Derby. The last day of business for the branch, at 6914 N. Erie Road, will be Jan. 8. “We continually evaluate, evolve and adjust our branch network to ensure we are matching our branch presence with customer demand," the bank said in a statement. "Based on changing customer behaviors and  our real estate…

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When we last saw HSBC Bank USA branches in the Buffalo Niagara region, their signs were being replaced. It was 2012. HSBC, with its eye on faster-growing markets, had finished selling its upstate New York branch network to First Niagara Bank, and the locations were rebranded. Other banks, including KeyBank, acquired some of the branches. On Thursday, workers were ins…

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KeyBank's next chairman and CEO is quite familiar with Buffalo. When First Niagara Bank was combining its operations with Key's, Christopher M. Gorman spearheaded those efforts, as Key's merger integration executive. "He knows this community pretty well and he knows how important this community is to KeyBank," said Gary M. Crosby, First Niagara's former CEO and a cur…

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KeyBank chairman and CEO Beth E. Mooney will retire at the beginning of May 2020, the Cleveland-based bank announced Thursday. Christopher Gorman, who currently serves as president of banking, will be her successor. Effective immediately, Gorman was promoted to president and chief operating officer and was named to the board. Gorman was widely seen as the likely success…

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Entrepreneurs and small business owners will have a chance to network and learn about resources available to grow their businesses, at an upcoming KeyBank event. The KeyBank Business Boost and Build program event is scheduled for 5:30 p.m. to 7:30 p.m. on Sept. 26, at Key's branch at 752 E. Delavan Ave. in Buffalo. The event is free; attendees are asked to register by S…

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A "banking summit" will spotlight efforts to make banks accountable to the community. The Buffalo Niagara Community Reinvestment Coalition will host the event, 11 a.m. to 1:30 p.m. Saturday at the King Urban Life Center, 938 Genesee St. in Buffalo. It is free and open to the public. The coalition, consisting of 13 groups, worked with KeyBank and Northwest Bank to dev…

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M&T Bank remains the runaway leader in deposits in the Buffalo Niagara region. And the gap even widened a bit. M&T had deposit market share of 63.6%, according to once-a-year data released by the Federal Deposit Insurance Corp. on Friday. The data reflects the banks' deposits as of June 30. M&T's share was up slightly from 62.8% a year ago. The Buffalo…