Seeking Alpha

KeyCorp (KEY -1.2%) scoops up 37 branches in northern New York, with $2.4B in deposits, for a...

KeyCorp (KEY -1.2%) scoops up 37 branches in northern New York, with $2.4B in deposits, for a deposit premium of $110M. KEY’s new branches are from First Niagara (FNFG +0.8%), which bought them from HSBC; the government had told First Niagara, now the biggest bank in upstate NY, it would have to sell at least 26 HSBC branches.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)