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

Former Citizens Bank Executive Barry Joins First Niagara

"We are very pleased to add Rich and his tremendous credit, banking and leadership skills to the First Niagara team," said John R. Koelmel, president and chief executive of First Niagara Financial Group. "As we further deepen our presence across our ...
Posted: January 24, 2012, 9:00 am

N.Y. POWER AUTHORITY ANNOUNCES COMPLETION OF ENERGY-SAVING LIGHTING PROJECTS IN BUFFALO

Lieutenant Governor Kathy Hochul was joined by New York Power Authority Chairman John R. Koelmel and President Gil C. Quiniones and Buffalo Mayor Byron Brown to mark the completion of the projects at a ceremony at Buffalo City Hall. The Buffalo projects ...
Posted: November 30, 2016, 4:47 am

First Niagara CEO Koelmel Exits as Crosby Is Interim Head

First Niagara Financial Group Inc., the worst performer in the KBW Bank Index in the past year, climbed the most in seven months after announcing that Chief Executive Officer John R. Koelmel was ... to data compiled by Bloomberg. That figure has declined ...
Posted: March 20, 2013, 9:17 am
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