The net proceeds of the offering were approximately $441.5 million. Keefe, Bruyette & Woods and Sandler O'Neill + Partners acted as joint bookrunning managers for the offering.
John Koelmel, First Niagara's president and CEO, said: "Our third successful stock offering in 12 months caps a year of tremendous performance, enabling us to continue to make credit and other financial services widely available to current and prospective customers. We view this very successful offering as another vote of investor confidence in our strategy, providing First Niagara with a super-capitalized balance sheet that more than maintains our very healthy regulatory capital ratios while enabling us to continue to pursue our best opportunities."
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