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Fade to Black: Bad decisions, such as the timing of capital raises, and unexpected economic events ultimately overshadowed Koelmel's early reputation as a creative, assertive leader.

Too Many Deals, Bad Timing Doomed John Koelmel at First Niagara

by Robert Barba
MAR 20, 2013 4:30pm ET

The current M&A cycle has its first cautionary tale in John Koelmel and his departure from First Niagara. The Buffalo bank expanded rapidly but erred in its deal for the HSBC branches.

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