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726 Exchange Street, Suite 106
Buffalo, NY 14210

First Niagara Bank is a New York-based bank that provides personal and commercial banking, risk management, investment, and insurance products and services. It is a publicly traded bank (NASDAQ:FNFG) that is also included on the NASDAQ Financial-100 Index.

The bank offers savings, checking, money market, and CD accounts, as well as online financial tools on its personal banking side. Although only its student checking account option does not have a monthly fee, its other checking account options offer different ways to wave fees. The student checking account also comes with a free First Niagara Debit Card through which customers can earn rewards to redeem through various retail partners. The bank’s savings account offers include a basic savings account with average daily balance requirements, a money market account that offers increased rates of interest when higher balances are kept, and eCDs that range in term lengths from 1 to 72 months.

First Niagara Bank online banking provides customers with web-based tools that enable them to manage their accounts, view front and back images of checks, transfer funds, and analyze savings growth. The bank also released a mobile banking app that allows customers to manage their accounts, deposit funds remotely, pay bills, and transfer funds while on the go.

First Niagara Bank was originally established in 1870 as the Lockport Savings Bank and remained as such for 130 years. After being reorganized in the 1990’s, the bank changed its name one last time to First Niagara in 2000. First Niagara Bank is currently headquartered in Buffalo, New York, and its FDIC organizational classification was changed from Savings Bank to Commercial Bank in 2010.

Related Posts

$250 Checking Account Promotion at First Niagara Bank - 3/5/2014

First Niagara Bank has a nice checking account promotion in which you can earn up to $250. The account can be opened online, and I was told by the bank CSR that the promotion is available nationwide. ...

First Niagara...A Nightmare!!!

After receiving a flyer in the mail, I opened an e-checking account with the promise of a 100.00 bonus. It has been a week since they ACH transfered my initial funding to open the account. The funds were withdrawn from my external account the next day but they were never deposited into the new account. After repeated calls to the bank, no one seems to know where the money went!!! The csr tells me she will check on the problem and call me back. No one returns my call. I have wasted a great deal of my time calling the bank and no one can find my money!! When I call the bank they just pass me on to another csr with no results!! This bank has the worst customer service I have ever seen in my life!!

HSBC Conversion

i recently transferred from hsbc to first niagara bank. when i called the 800 number i talked with heather. she was so patient and helpful. she knew every answer to my questions and the one she didn't know - she found the answer and called me back WITHIN THE SAME DAY. you dont get that kind of personal treatment in other call centers. she was wonderful and polite and completely put my mind at ease of the changes that were coming. very excited for the future relationship i have with this bank

Not Entirely Awful

there were definitely some errors in the change over but all in all, my issues have been resolved, i have access to my money, and so far the customer service has been really friendly.

Okay At Best

There customer service seems pretty good. What really irks me about First Niagara is their ATM's. I cannot tell you how frequently they are unavailable, making after business hour withdraws a nightmare. Also, other banks offer hours available on the weekend and the First Niagara branches I have gone to are not available on the weekend.



Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Niagara Bank (NY) had $301.25 million in non-current loans and owned real-estate with $5.49 billion in equity and loan loss allowances on hand to cover it. This gives First Niagara Bank (NY) a Texas Ratio of 5.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Niagara Bank (NY) decreased slightly from 6.32% as of March 31, 2013 to 5.49% as of March 31, 2014, resulting in a positive change of 13.19%.This indicates that the balance sheet and financial strength for First Niagara Bank (NY) has improved slightly in recent periods.

Deposit Growth


In the past year, First Niagara Bank (NY) has decreased its total deposits by -$145.77 million, resulting in -0.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Niagara Bank (NY) has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Niagara Bank (NY) has $37.93 billion in assets with $5.49 billion in equity, resulting in a capitalization level of 14.47%, which is excellent.

Institution Statistics

FDIC Certificate #16004
Year Established1870
Primary RegulatorOCC
Assets and Liabilities
Assets$37.93 billion
Loans$21.57 billion
Deposits$28.09 billion
Equity Capital$5.27 billion
Loan Loss Allowance$215.04 million
Unbacked Noncurrent Loans$275.79 million
Real Estate Owned$25.47 million
Historic Data - March 2013
Assets$36.85 billion
Equity Capital$5.21 billion
Loan Loss Allowance$172.00 million
Unbacked Noncurrent Loans$275.79 million
Real Estate Owned$10.82 million
Profit Margin - Quarterly
Net Interest Margin3.44%
Return on Assets0.74%
Return on Equity5.34%
Interest Income$301.33 million

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First Niagara Bank (NY) Savings Account Rates

0.01%$200-Statement Savings

First Niagara Bank (NY) Money Market Rates

0.20%$100k-PinnaclePlus Money Market
0.20%$100k-Pinnacle Money Market

First Niagara Bank (NY) Checking Account Rates

0.01%--Pinnacle Checking
0.01%--PinnaclePlus Checking

First Niagara Bank (NY) CD Rates

1.75%$500-60 Month Promotional CD
1.10%$500-48 Month Promotional CD
1.00%$5k-30 Month eCD
1.00%$500-36 Month Promotional CD
0.75%$500-72 Month CD
0.75%$500-24 Month Promotional CD
0.50%$500-12 Month Promotional CD
0.40%$500-60 Month CD
0.20%$500-48 Month CD
0.15%$500-36 Month CD
0.10%$500-24 Month CD
0.05%$500-1 Month CD
0.05%$500-3 Month CD
0.05%$500-6 Month CD
0.05%$500-12 Month CD

First Niagara Bank (NY) has 442 locations. Click to view all First Niagara Bank (NY) locations.