Justice Department Reaches Agreement with First Niagara Bank N.A. and HSBC Bank USA N.A. on Divestitures
Justice Department Reaches Agreement with First Niagara Bank N.A. and HSBC Bank USA N.A. on Divestitures
First Niagara Bank N.A. and HSBC Bank USA N.A. agreed to sell 26 branch offices in the Buffalo, N.Y., area with approximately $1.6 billion in deposits, to resolve the Justice Department’s antitrust concerns from the sale of HSBC’s branch network in upstate New York to First Niagara.