First Niagara Bank is a Federal Deposit Insurance Corporation-insured regional banking corporation headquartered in the Larkin Terminal Warehouse in Buffalo, New York. It is the 39th largest bank in the United States with assets of over $32B as of December 31, 2011. It was founded in 1870 as Farmers and Mechanics' Savings Bank and was then re-branded as Lockport Savings Bank in 1967. The bank was based in its former home county, Niagara until the 1990s when it spread to nearby Buffalo, New York and its surrounding Erie County. Part of this growth could be attributed to the collapse of the Buffalo-centric banks Goldome and Empire of America. Most of this growth was from the recruitment of new customers, as opposed to the purchase of other firms' assets.
Contributions by Jgera5, Jupitermh, and Magog the Ogre.