This Week
  • Research and development efforts in construction come from collaboration.

  • The first apartments will be ready next spring at Southpoint Cove in Penfield.

  • CEO Dawn Smith worked her way up through the ranks at Pace Electronics of Sodus.

  • Aloi Solutions LLC is focusing on automation and integration to grow.

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

  • The new edition of Explore Greater Rochester is here.

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