State of Connecticut Department of Banking

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State Banking Commissioner Calls for Public Hearing Related to Bank Merger

February 16, 2011

State Banking Commissioner Howard F. Pitkin has scheduled a public hearing regarding the proposed merger of NewAlliance Bank and First Niagara Bank, National Association.  For the convenience of the public, the hearing will be held at two locations over two nights. The Department of Banking is currently in the process of reviewing the acquisition statement and application.

On Tuesday, March 8, 2011 the public hearing will begin at 5:00 p.m. at Manchester Community College, 161 Hillstown Road, Manchester, CT.  The hearing will take place in the Community Commons Room, located in the Great Path Academy building.  Parking is available in Lot B.

On Wednesday, March 9, 2011 the public hearing will be continued at 5:00 p.m. in the Conte-West Hills School auditorium, 511 Chapel Street, New Haven, CT.  Parking is available in the school’s parking lot.

“At the request of local leaders and members of the community, I have called for a public hearing related to the proposed merger of these two entities,” Commissioner Pitkin stated.  “I believe that all citizens should be given the opportunity to voice their opinions related to this issue.  I look forward to hearing from the public as well as the corporations involved.”