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

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

Koelmel leaving HarborCenter to seek new challenge in community

John R. Koelmel, the charismatic and boisterous former Buffalo banker who became the face of the Buffalo Sabres’ HarborCenter project, is seeking a new challenge in the community – one that he says will allow him to “make a difference and contribute ...
Posted: March 24, 2015, 1:22 pm

First Niagara's Koelmel defends NewAlliance acquisition

First Niagara Bank CEO John R. Koelmel defended his company's proposed $1.5 billion acquisition of New Alliance Bancshares at a public hearing Tuesday night, saying the merger of the two banks will create a banking "powerhouse" that will be able to provide ...
Posted: March 8, 2011, 5:21 pm
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