First Niagara Financial (FNFG) in Buffalo, N.Y., said its chief banking officer is leaving.

The $37 billion-asset company said Friday that Daniel Cantara 3rd will leave by the end of February and that it would eliminate the post after he leaves. Instead, the company is looking to hire an executive vice president of commercial financial services.

Cantara is the first high level executive to depart since Gary Crosby was named the company's permanent chief executive.

Crosby also announced Friday that Inder Koul and Julie Signorille had joined First Niagara's executive management team. Koul, the company's chief information officer, joined First Niagara in November 2012 from Huntington Bancshares (HBAN). Signorille, managing director of operations, joined the company in May 2010 from Symcor.

"I am proud of the talented leadership team we have assembled," Crosby said in a press release. "Each one of these leaders has a proven track record of success and a deep knowledge of our business, customers and industry."

First Niagara said the other members of its executive management team — Gregory Norwood, chief financial officer; Richard Barry, chief risk officer; Andrew Fornarola, executive vice president of the consumer finance group; and Mark Rendulic, executive vice president of retail banking — would remain in their current roles.

Earlier this week, the company announced plans to close 10 branches and eliminate 170 positions in its branch system.

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