First Niagara Financial Group, Inc. Elects New Board Member; John Bisgrove Jr. has Been Elected to the Board of Directors of First Niagara Financial Group, Inc.Business Editors LOCKPORT, N.Y.--(BUSINESS WIRE)--Feb. 12, 2001 Bisgrove joins the board following the November 3, 2000 acquisition of Cayuga Bank by First Niagara Financial Group, Inc. In addition to his membership on the First Niagara board, Bisgrove will continue to serve on Cayuga Bank's board of directors. Cayuga Bank is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of First Niagara Financial Group, Inc. "John's background and experience with Cayuga Bank and the Central New York Central New York is a term used to broadly describe the central region of New York State, roughly including the following counties and cities: Cayuga County – Auburn Cortland County – Cortland Madison County – Oneida community will be a great asset to our board as we continue to build our multi-bank holding company," said First Niagara Financial Group's President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Board Chair, William E. Swan. Bisgrove joined the Cayuga Bank board in 1978. He is the retired chairman of the board of Red Star Express Lines, is the founder and president of the Everest Association for Family Enrichment and the Everest Foundation for Family Enrichment whose missions are to promote Christian family life and to develop virtue and character in youth. He is co-founder of Magdalen College where he is active on the board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. . He also serves on the boards of Champions of Life Inc., Con-Quest National Boys Club and Blazers Boys Club of Central New York; organizations focused on character development in youth. Bisgrove attended John Carroll University The university is organized into three schools including two undergraduate colleges: the College of Arts and Sciences and the Boler School of Business, and one graduate school, each defining its own academic programs under the auspices of the Academic Vice President. for undergraduate studies and Northwestern University for continued studies in transportation. Residents of the Town of Owasco, N.Y., he and his wife, Marsha, have 5 children and 11 grandchildren. First Niagara Financial Group, Inc. (Nasdaq: FNFG FNFG First Niagara Financial Group, Inc. ), is a $2.6 billion multi-community bank holding company based in the Buffalo, N.Y. suburb of Lockport. In addition to being the parent company of Cayuga Bank, First Niagara Financial Group, Inc. is the parent of First Niagara Bank First Niagara Bank (NASDAQ: FNFG)is an FDIC-insured regional banking corporation headquartered in Lockport, New York. It was founded in 1870 as Farmers and Mechanics' Savings Bank and was then re-branded as Lockport Savings Bank in 1967. and Cortland Savings Bank. Together, the group serves the Western and Central New York regions of New York State with a total of 36 banking offices, four loan production offices, 55 ATMs and a telephone-banking center. While the company's primary banking market is within New York State, the company does serve markets across the United States through First Niagara Financial Group Inc. subsidiaries Empire National Leasing, Inc., Niagara Investment Advisors, Inc. and NOVA Healthcare Administrators, Inc. The group and its subsidiaries employ nearly 1,000 people. For more information about First Niagara Financial Group, Inc., visit our Web site at www.firstniagarafinancial.com. Special Note: A photo of Bisgrove is available in Tiff, PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. and Bitmap formats via e-mail. To request a photo, please contact leslie.garrity@firstniagarabank.com. Please specify format and deadline. |
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