John R Koelmel Net Worth is2.9 $Million
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John R. Koelmel is the current President and Chief Executive Officer of the Buffalo based First Niagara Bank and its parent, First Niagara Financial Group, serving in that capacity since December 2006. A career Certified Public Accountant, Koelmel joined First Niagara in January 2004, initially serving as Chief Financial Officer. Prior to joining First Niagara, he spent 26 years (1976a??2000) with KPMG, reaching the position of the Managing Partner of its Upstate New York operations. Koelmel then joined Financial Institutions, Inc, parent of Five Star Bank, serving as its Chief Administrative Officer until 2002, when he left to become an independent consultant. In his career at First Niagara, Koelmel has overseen the massive expansion the bank, more that doubling its size during his tenure. He received $3.2 million in total compensation in 2011.
Koelmel has served on a variety of boards in the Buffalo Area, including Kaleida Health, the Buffalo Niagara Partnership, Great Lakes Health, the New York Bankers Association, and Buffalo Place. In May 2012, he was tapped by New York Governor Andrew Cuomo to head up the New York Power Authority, replacing the outgoing Michael Townsend. His appointment is subject to New York State Senate approval.
An Orchard Park, New York native and a graduate of Orchard Park High School, Koelmel graduated from the College of the Holy Cross in 1974 with a Bachelor of Arts Degree in Economics and Accounting. He currently resides in East Amherst, New York with his wife, Marcia and her three children. He also has two adult children.

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John R Koelmel Latest News

New HARBORCENTER Restaurant: (716) Food and Sport

HARBORCENTER President John R. Koelmel today unveiled plans for (716) Food and Sport, HARBORCENTER’s 13,000 square foot dining establishment. “(716) will be dedicated to providing the best-in-class fan, food and sports experience,” Koelmel said.
Posted: January 29, 2014, 7:09 am

Koelmel leaves First Niagara

First Niagara bank announced Tuesday that John R. Koelmel has been replaced as the company's president and CEO. The announcement was made after the close of business Tuesday. First Niagara stock, last trading at $8.44, was down 6 cents in trading on the day.
Posted: March 19, 2013, 7:50 pm

First Niagara CEO John Koelmel replaced in surprise move

Buffalo-based First Niagara Financial Group on Tuesday replaced CEO John R. Koelmel, who was responsible for the bank's sharp growth in recent years, in a sudden and surprising move by its board of directors. (The Buffalo News) Catholic Health’s plans to ...
Posted: March 20, 2013, 1:30 am
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