First Niagara seeks president

Buffalo-based First Niagara Financial Group Inc., said Thursday it is looking for a president to report to CEO John Koelmel. First Niagara (Nasdaq:FNFG), which entered Pittsburgh last September, ranks among the region’s largest banks. Spokeswoman Leslie Garrity said a national search is underway to find an experienced banker to lead retail and commercial banking and marketing. She said there are no internal candidates. First Niagara also said has formed a new executive committee of top officers who will report to Koelmel. The group includes Lanier Little, executive vice president for retail banking; Gary Crosby, chief operating officer; Michael Harrington, CFO, Elizabeth Bauman, chief administrative officer, and Daniel Cantara III, executive vice president for commercial business. The president will also be part of this group. First Niagara said it made the changes because of its rapid growth, doubling in less than a year to more than $19 billion in assets and 254 branches. [Read the full article]

{loadposition in-article}

EverBank is negotiating to buy a $10 billion package of residential servicing rights from a Michigan savings bank, American Banker has reported. Jacksonville-based EverBank’s representatives would not confirm the deal. The article cited investment banking sources familiar with the matter as saying the bid price is in the range of 75 basis points, though the figure could not be confirmed. EverBank is the 22nd largest mortgage servicer in the nation with about $46 billion in residential loans, according to the Quarterly Data Report. The deal, if confirmed, would jump EverBank to the 20th largest residential loan servicer nationwide. EverBank is the third largest bank in Northeast Florida based on deposit market share of $5.8 billion as of June 30, according to the Federal Deposit Insurance Corp. © 2010 American City Business Journals, Inc. and its licensors. All rights reserved. [Read the full article]

You may also like...