FIRST NIAGARA FINANCIAL GROUP INC.
ALBANY, N.Y., July 14, 2014 -First Niagara Financial Group, Inc. (NASDAQ:FNFG) named industry veteran Kelli Arnold to serve as Senior Vice President and Senior Team Leader, Healthcare Lending for the company's New England, Tri-state and Eastern New York areas.
Arnold joins First Niagara from HSBC Bank in Albany, where she most recently served as Senior Vice President and Area Director, responsible for managing the bank's New York State healthcare and not-for-profit lending and a middle market commercial banking team.
"Having dedicated her entire career to serving as a healthcare administrator, manager and banker, Kelli has an exceptional understanding of the unique and intense financing needs of health systems and organizations," said Matthew Huber, Senior Director, Healthcare Group. "At First Niagara, we appreciate the vital role that these institutions play in ensuring the quality of
life in our communities. Our healthcare bankers are passionate about their customers' missions and experts in how these enterprises generate and utilize capital to provide top-level care to their patients."
Based in Albany, Arnold will also serve as Eastern New York market executive under the bank's
Albany-based Central Division Manager and Regional President Peter Cosgrove.
Prior to HSBC Bank, Arnold was a Healthcare Portfolio Manager for the Dormitory Authority State of New York (DASNY), which finances and manages construction and development of buildings and infrastructure for public and not-for-profit healthcare, education and state and local government institutions. Previously she served as Director, Managed Care and Provider Integration for the New York Association of Homes & Services for the Aging. Arnold began her career as an Information Technician at the Healthcare Association of New York.
Arnold is a director on the board of the Syracuse-based business leadership and economic development organization CenterState CEO.
Arnold graduated from Union College with an M.B.A. in healthcare administration and earned
her bachelor's degree from the State University of New York at Oswego.
First Niagara also named Marc Wegener to the new position of Senior Credit Manager for Healthcare lending, as part of the company's effort to enhance its healthcare lending capabilities. Wegener previously served as Healthcare Team Leader for New England and Eastern New York. He joined First Niagara in 2011 from M&T Bank where he was most recently Administrative Vice President for Healthcare Banking for the Bank's Capital and Hudson Valley Regions. Wegener brings over 30 years of commercial lending and healthcare industry knowledge to his new role.
"Since its inception in 2009, the Healthcare Group has experienced tremendous growth," Huber said. "As part of our continued, deep commitment to healthcare providers we are excited to add someone as experienced as Marc to this important new role."
About First Niagara
First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with approximately 410 branches, $38 billion in assets, $28 billion in deposits, and approximately 5,800 employees providing financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts. For
more information, visit www.firstniagara.com.
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