KeyCorp has tapped an executive to oversee the integration of its acquisition of First Niagara Financial Group.
The Cleveland company appointed Christopher Gorman as merger integration executive, according to a news release. Gorman previously was president of KeyCorp's corporate bank.
In 2010, Gorman was
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KeyCorp in Cleveland will retain two top First Niagara Financial Group executives after it closes its acquisition of the Buffalo, N.Y., company.
March 3 -
Sen. Charles Schumer, D-N.Y., has asked for more time for public comment on KeyCorp's proposed takeover of First Niagara Financial Group, and said more study is needed on the deal's potential economic impact on western New York.
December 22 -
First Niagara Financial Group in Buffalo, N.Y., considered offers from four potential acquirers before deciding in late October to sell itself to KeyCorp.
December 1
KeyCorp did not disclose its plans to replace Gorman as head of the corporate bank. KeyCorp could not be reached for comment.
The $93 billion-asset KeyCorp agreed to buy the $40 billion-asset First Niagara, in Buffalo, N.Y., for $4.1 billion. The deal is expected to close in the third quarter.
