This Week
  • Wilmorite hopes soon to win approval for $425M casino in Seneca County.

  • For startup companies, legal and accounting missteps can prove costly.

  • Architect David Hanlon has worked with some of the area's leading developers.

  • ID Signsystems Inc. has grown from a local company into an international business.

  • Robert Linton guides Jazz 90.1 through a new era in media.

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

First Niagara enters indirect auto financing business

Rochester Business Journal
March 28, 2012

First Niagara Financial Group Inc. has entered the auto lending business, providing dealership financing options throughout the northeast, bank officials announced Wednesday.

At least 400 new car dealers are participating, with another 1,100 expected to be added by 2014, officials said.

The program is available immediately in New York, New England, New Jersey and Delaware, officials said. Pennsylvania is scheduled to be added by the end of June.

“This is a considerable growth opportunity, complementing our extended market presence across the northeastern U.S.,” Andrew Fornarola, a First Niagara senior vice president, said in a statement.

Two credit underwriting sites, in Buffalo and Albany, are available, with 16 jobs created in Buffalo, five in Albany and one in New England, officials said. Some 50 jobs are planned with three years, they said.


(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google