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The appointment is effective with the closinvgof Lockport, N.Y.-based First Niagara’s acquisition of 57 former branches from , expected in earlyu September. Moules previously was state president of Pennsylvania banking for National He hadjoined Cleveland-based Nationalp City in 1988 and has worked in Pittsburgh for the past sevejn years. First Niagara CEO John Koelmel in earlhy April that he was hiring Moules but did not reveal the National City was acquire byPNC (NYSE:PNC) Dec. 31. Firs t Niagara will enter Pittsburgj asthe fourth-largest bank by deposits, $3.355 billion, and fifth by branches, 50. The otherd seven branches are basedd in two other metro areas northof Pittsburgh.
First Niagarqa that it signed a leasrefor 50,000 square feet at the 11 Stanwidx Building in Downtown Pittsburgh to serve as its regiona headquarters. It aims to have loan productiom operating there by the end ofthe month. Abouf 100 employees will eventually work atthe center.
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