Greater Rochester Enterprise (GRE), an economic development organization dedicated to revitalizing the Rochester regional economy, today announces the addition of First Niagara Bank as a board-level investor.
"We are pleased to announce that First Niagara Bank has decided to join GRE," said Dennis M. Mullen, President and CEO of Greater Rochester Enterprise. "Their investment is another example of the private sector's continuing commitment to GRE and to the future economic growth of the Rochester Region. With the help of First Niagara — and the help of all of our investors — I believe we can accomplish great success in 2007 and beyond."
Patrick C. Burke, First Niagara Rochester Regional President, will serve on GRE's board of directors and its executive committee.
"With our ongoing expansion efforts in the Rochester area, First Niagara enthusiastically supports the efforts of GRE and its partnership with 140 member companies, governments and organizations to grow our economy," he said.
First Niagara is strengthening its banking presence in Rochester by opening three new branches this spring — in Brighton, Penfield and Gates, where a free-standing branch replaces one in a Wal-Mart Super Center. With these openings, First Niagara will have 11 branches operating in Monroe County. The company also has a significant insurance presence in the area through First Niagara Risk Management, Inc.
"First Niagara is demonstrating our commitment to and confidence in the Rochester area through our investment in GRE and by increasing opportunities for businesses and entrepreneurs to use our financial services and products to grow their enterprises," Burke said.
First Niagara provides financial services to individuals, families and businesses through 119 branches and several financial services subsidiaries across New York State.
GRE board-level investors commit to a $50,000 or greater investment per year over five years and receive a seat on GRE's board of directors and an invitation to participate on a GRE board of directors committee – executive, financial or marketing. GRE currently has 140 board-level investors and investor partners comprising of corporations, coalitions, foundations, government and individuals.
Greater Rochester Enterprise (GRE) is a public-private partnership established to professionally market the Rochester metropolitan region as a competitive, high-profile place for business location and growth. Its efforts support business attraction and expansion, as well as entrepreneurship and innovation. GRE collaborates with businesses, universities, not-for-profit organizations and government leaders to ensure a unified approach to regional economic development. For more information, please go to www.RochesterBiz.com.