Bought FNFG @ $13.37
If there is a lagging name in the banking group that I watch, it might just be FNFG (First Niagara Financial Group). FNFG is well capitalized, is looking for aquisitions, and wants to repay the TARP money that they received ($184 million). I first mentioned FNFG in my regional bank post on 4/1/09.
FNFG has raised more than $500 million in the past few months and recently acquired a number of branches from PNC. They are expanding their footprint and operating like a traditional bank. I like their chances.
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