Lexington Avenue Federal Credit Union plans to open a second location in former HSBC Bank USA N.A. offices donated by First Niagara Financial Group Inc., officials announced Tuesday.
The donation includes the title to the property—at 762 Joseph Ave.—along with the building’s contents, technology and furniture totaling some $200,000, officials said.
First Niagara also is providing a $10,000 grant to the Joseph Avenue Business Association to help develop its four-part strategic plan for neighborhood revitalization.
“We want to make sure that residents and businesses in the Joseph Avenue neighborhood maintain access to a successful financial institution close to where they live and work,” said Suzanne Nasipak-Chapman, First Niagara’s Rochester market executive, in a statement.
The credit union’s main branch is on Lexington Avenue. The non-profit cooperative financial institution was founded by employees of Rochester Products, a division of General Motors Corp., in 1959.
First Niagara partnered with the city of Rochester to find a credit union interested in the space, officials said. First Niagara acquired the property from HSBC last spring.
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email firstname.lastname@example.org.