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Harleysville National Bank Sold to First Niagra Bank

July 27th, 2009

Harleysville National Bank is being sold to Buffalo Based First Niagra Bank for $237 million. The two banks have put in place a purchase agreement that is to close early next year.

Harleysville National Bank had failed to meet the capital demands of federal regulators by their June 30th deadline.

Each Harleysville stockholder will receive 0.474 shares of First Niagara stock for each share. Harleysville shares jumped up by 36% while First Niagara shares jumped 3% since opening bell today.

First Niagara has stated that it intends to keep all current Harleysville branches in operation after the takeover. This deal will leave First Niagara with 140 branches in Pennsylvania.

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  1. June Barto
    August 26th, 2009 at 12:04 | #1

    If this new Niagra bank makes changes to senior citizen accounts, we are out of it!

  2. Daniel Seuffert
    October 5th, 2009 at 14:15 | #2

    Being a custoner since 1982(Downingtown Savings Bank), I agree with June Barto’s comment any changes to seniors accounts, I will not stay with First Niagra Bank.

  3. Jacob D
    October 17th, 2009 at 14:46 | #3

    NONONO the company is based were i live. They are one of the best banks. They will work with you. If not you could switch to M&T

  4. Happy Customer
    November 10th, 2009 at 22:31 | #4

    I am from the PA area, former National City customer, purchased by First Niagara. Nothing is ever perfect, but they did right by keeping the employees. I see the same faces I know and love and they have helped me with the changes. Before you start over with a new bank you don’t know from Adam, have a conversation with your local banker and you will feel much better. Good Luck!

  5. Caroline
    February 24th, 2010 at 16:09 | #5

    if anyone switches without even talking to someone about anything isn’t making the right choice. i work for harleysville now and first niagra is such an awesome bank. and jacob was right, they will work with you and help you anyway needed! they are MUCH better than harleysville.

  6. Karen
    March 11th, 2010 at 02:10 | #6

    i have been a customer of Harleysville/Willow Financial/First Financial/Downingtown Savings & Loan since the 1970’s and this is the first time i have been disappointed in the products they are offering. the so-called belief-backer stuff is a joke. charging for pos debit transactions really is the pits for people whose salaries & SS checks are direct-deposited and needing to maintain a $2500 balance to receive interest on a checking account is just wrong! we are definitely looking around for a new bank!

  7. Brook
    May 5th, 2010 at 19:39 | #7

    Harleysille lost its focus and got into trouble. With this merger only positive things are possible.

  8. April 26th, 2012 at 01:38 | #8

    hi nancy your picture keeps coming up—Mom.

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