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First Niagara Announces the Completion of its Acquisition of Greater Buffalo Savings Bank.

Publication: PR Newswire
Publication Date: 15-FEB-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LOCKPORT, N.Y., Feb. 15 /PRNewswire-FirstCall/ -- First Niagara Financial Group, Inc. , announced today that it completed the acquisition of Great Lakes Bancorp, Inc., the parent company of Greater Buffalo Savings Bank. In connection with this transaction, Great Lakes shareholders will receive 5.4 million shares of First Niagara common stock, as well as cash payments totaling $75.8 million in the aggregate.

"On behalf of First Niagara, I want...

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