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KeyCorp to add 304 First Niagara branches post-merger

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KeyCorp to add 304 First Niagara branches post-merger

will add 304 branches to its own branch network once the between the twocompanies is complete.

Thebranches are located in New York, Connecticut, Massachusetts and Pennsylvania,and will become KeyBankNA branches between October and early 2017. Additionally, 70 FirstNiagara and 36 KeyBank branches will be consolidated post-merger, beginning inOctober and continuing through early 2017. The combined companywill have over 1,200 branches.

In a July11 news release, KeyBank also confirmed that all First Niagara and KeyBankbranch employees will be offered jobs in the combined company; the bank alsosaid that it plans to reach pre-merger employment levels by 2021.

Thedeal is still subjectto regulatory approval and is set to close during the third quarter.