First Niagara Risk Management Inc., the insurance subsidiary of First Niagara Bank in Lockport, N.Y., said Friday that it has completed the purchase of Brooks-Byer Associates Inc., a commercial insurance agency in Albany, N.Y.
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Financial terms were not disclosed.
Brad Byer, who has been the agency's president for 12 years, is to join First Niagara's Albany office as a vice president.
First Niagara Risk Management said it expects revenues of more than $22 million this year, generated from offices in Buffalo; Albany; and Newfane, Rochester, Ithaca, and Hudson, N.Y.
