2 | FITNESS ON WHEELS OCTOBER 3, 2016 | VOL. 52, No. 40
14 | TALKING GOVERNMENT
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BY ALEESIA FORNI aforni@westfairinc.com
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onstruction is nearing completion on the Boyce Thompson Center, the approximately $35 million, 85,000-square-foot mixed-use development in Yonkers by Simone Development Cos. “A building that for decades had no purpose will soon become a public space for the benefit of the community, offer 300 jobs and will be back on the tax rolls,” Guy Leibler, president of Simone Healthcare Development, said of the roughly seven-acre property at 1086 N. Broadway that adjoins the South Westchester Executive Park. Most recently, Westmed Medical Group, the Purchasebased multispecialty medical practice, signed a long-term lease for a two-floor, 20,000-squarefoot structure on the south side of the original Boyce Thompson
New life for a Yonkers landmark Guy Leibler and Wilson Kimball stand in front of the Boyce Thompson Center in Yonkers.
KeyBank moves on First Niagara takeover BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com
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ransitioning branches from one corporate parent to another is no easy task. But in the case of KeyBank — whose Cleveland-based parent KeyCorp this year acquired Buffalo-based First Niagara Financial Group for $4 billion, creating the 13th largest commercial bank in the country — one potential headache was missing. “This is a little unusual,” said
Jeff Hubbard, who was the New England region president for First Niagara and is staying on as market president for Connecticut and western Massachusetts at KeyBank. “A lot of the time with something like this you have competing banks right across the street from each other, but in this region at least, there was very little overlap.” Such is not the case in upstate New York and in other major metro areas served by First Niagara, he noted. KeyCorp formally acquired First Niagara on Aug. 1, with regu-
TWB Loan Decision Banner Ad 6” w x 1.5” h 2-23-16 latory approval from the Office of the Comptroller of the Currency announced on Sept. 22. A total of 70 First Niagara and 36 KeyBank branches will be closed in New York, Connecticut, Massachusetts and Pennsylvania during the consolidation. The closings will take place in phases, beginning with 69 First Niagara branches in October.
» SIMONE, page 6
Additional closings, including the 36 KeyBank branches, will take place through early 2017. No closings are scheduled for Fairfield County, where First Niagara has nine branches after closing five offices earlier this year. In the Hudson Valley, the following branches are scheduled to close:
YOUR LOCAL COMMERCIAL LENDER
• First Niagara, 600 Bedford Road, Bedford Hills. Closing in October. • First Niagara, Erie Street & Route 303, Orangetown. Closing in October. • First Niagara, 101 Kings Mall Court, Kingston. Closing in October. • First Niagara, 117 E. Route » BANK, page 6
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