First Niagara Financial Group Inc. expects to close 35 branches after it completes its acquisition of HSBC Holdings Plc's branches in mid-May.

The $32.8 billion-asset company said it expects to complete the acquisition on May 18, when it will also consolidate 16 existing First Niagara branches into nearby facilities. Most of the 19 HSBC branches slated for closing will stay open for at least a month after First Niagara completes the acquisition. One branch to be closed is in Connecticut while the rest are in New York.

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