October 21, 2014
The management of First Niagara, which has been a positive partner in New Haven, should work with development officials in the Harp Administration to intervene in the planned closure of the branch in Westville.
After the fire at Delaney's, this could punch a hole in Westville Village.
According to FDIC data, First Niagara’s market share of zip code 06515 is first at 29%, but down from its market share when New Haven Savings proposed its conversion. But since then the branch has faced challenges.
I recognize the difficulties at that location and hope First Niagara will work with city to keep jobs and deposits in the community.