Regulatory Alerts2011-04-08
Added · Updated
Bulletin 2459 - April 8, 2011
The Banking Commissioner approved First Niagara Financial Group, Inc.'s acquisition of NewAlliance Bancshares, Inc. and the subsequent merger of NewAlliance Bank into First Niagara Bank, N.A. Additionally, a consent order was entered against Merrill Lynch Pierce, Fenner & Smith Incorporated for permitting unregistered personnel to sell securities, requiring the firm to cease violations, implement trade monitoring systems, and pay a $359,100 fine. Public comment is solicited regarding branch activity applications within ten days of the bulletin date.
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