BUFFALO, NY - Key Corp. has officially completed its deal to take over Buffalo-based First Niagara Bank.
News of the deal came through Friday afternoon. Key says First Niagara customers won't have their accounts change over until October, about a year after the deal was announced.
Some jobs are being lost in the merger, but Senator Chuck Schumer says he and Buffalo Congressman Brian Higgins have gotten assurances from KeyBank CEO Beth Mooney that jobs lost will be restored by 2021.