The market has seen steep losses this year, but First Niagara Financial Group is coming out of 2008 with impressive gains. The parent of First Niagara, a regional bank in New York state, is up more than 30 percent year-to-date.
“We’ve been consistent, (and) we’ve been strong and steady in the marketplace throughout these very challenging and unpredictable times,” said John Koelmel, CEO of First Niagara.
“We’re up 6,000 or 7,000 new customers, so it’s not just the level of activity," he added. "It’s the fact that new customers are coming in the door and that we’re able to attract and grow our business and our portfolio.”