KeyCorp in Cleveland will retain two top First Niagara Financial Group executives after it closes its acquisition of the Buffalo, N.Y., company.
The $93 billion-asset KeyCorp plans to keep Richard Barry, who's now chief risk officer at the $40 billion-asset First Niagara, and Mark Rendulic, executive vice president of consumer financial services, a KeyCorp spokeswoman said.
KeyCorp's plans for the executives were first reported by the Buffalo News.
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KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.
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Barry will be named senior credit and market risk executive at KeyCorp; he joined First Niagara in 2011. Rendulic will be named head of business banking; he started work at First Niagara in 2009.
In January, KeyCorp said it planned to
KeyCorp agreed to buy First Niagara for $4.1 billion. The deal is expected to close in the third quarter.
