December 30, 2010

MANCHESTER STATE LAWMAKERS
RAISE CONCERNS ABOUT AREA BANK MERGER

Manchester’s state legislative delegation has written a letter to the commissioner of the state’s banking agency expressing their concerns about the potential impact on the people in the Greater Manchester area over the proposed merger of NewAlliance and First Niagra banks.

State Representatives John Thompson and Jason Rojas joined with State Representative-Elect Geoff Luxenberg and State Senator-Elect Steve Cassano to request a public hearing on the matter.

“We understand that jobs will be lost as a result of the merger and that the attendant reorganization will have a serious economic impact on our community and the state,” the lawmakers wrote in their letter.

They continued, “We believe it is critical that the public be afforded an opportunity to hear how this merger will affect them and comment on what is proposed in the merger before the merger is considered for approval by your department.”

Their full letter to the Commissioner of the state Department of Banking is attached.