Connecticut AG Richard Blumenthal is investigating First Niagara Financial's (FNFG) proposed...

|About: First Niagara Financial ... (FNFG)|By:, SA News Editor

Connecticut AG Richard Blumenthal is investigating First Niagara Financial's (FNFG) proposed $1.5B takeover of NewAlliance Bancshares and has asked the banks to justify the merger, saying the state may choose to only approve bank mergers that benefit Connecticut's economy and the public.