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Lockport, N.Y., on Wednesday names Mark R. Rendulic senior vice president and regional sales manager for retaipl banking inwestern Pennsylvania. First Niagara (Nasdaq:FNFG) expects to entefr Pittsburgh as its fourth largest bank by deposits and fifth by branches when its acquisition of former National City Corp. branches from PNC Financial Service sGroup Inc. is completed in September. Rendulic had been executive vice president of consumer and smalk business financial services for National City Bankof Pennsylvania. He will have leadershio responsibility forFirst Niagara’s 57 branches stretching from Pittsburggh to Erie and a team of more than 500.
Area salesa managers, each managing approximately 10 branches, will report to CEO John Koelmel told the Pittsburgh Businesws Times in April that he expectedf to hire Rendulic but the title and responsibilities were not announcesuntil Wednesday. His is the second majort leadership announcement by First Niagara in less than a On Friday, the bank announcede Todd Moules would be president of its Westermn Pennsylvania region, effective with the acquisition’s close. Moules previously was statr president of Pennsylvania bankinfg forNational City. First Niagarw will enter Pittsburgh as the fourth largest bankby $3.35 billion, and fifth by branches, 50.
The othe 7 branches are based in two othet metro areas north of First Niagara announced June 3 that it signed a leasefor 50,00o square feet at the 11 Stanwix Buildingt in Downtown Pittsburgh to server as its regional headquarters. It aims to have loan productionb operating there by the end ofthe month. Aboutg 100 employees will eventually work atthe center. Fifty of the 57 western Pennsylvania branches it is acquiring are within the Pittsburgghmetro area. First Niagara was tradin g at $11.58 per share at 10:30 a.m. down 1.11 percent.
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