WASHINGTON (dpa-AFX) - KeyCorp (KEY) and First Niagara Financial Group, Inc. (FNFG) announced that KeyCorp has received regulatory approval from the Federal Reserve to complete the merger with First Niagara Financial Group.
The merger of First Niagara into KeyCorp is expected to be completed on or about August 1, 2016, pending the satisfaction of customary closing conditions.
Systems and client conversion is expected during the fourth quarter of 2016, subject to pending regulatory approval by the OCC for the merger of First Niagara Bank into KeyBank.
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