Seeking Alpha

First Niagara combining consumer banking operations

  • Effective immediately, First Niagara's (NASDAQ:FNFG) Retail Banking and Consumer Finance groups will be merged into one Consumer Financial Services team to be led by EVP Mark Rendulic. Consumer Finance head Andrew Fornarola will be exiting the bank.
  • Included in the new Consumer Financial Services group will be the bank's retail, wealth management, consumer direct lending, and residential mortgage businesses.
  • Source: Press Release
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