Broome County Town to Lose Its Only Bank
The only bank in one Broome County town is about to close its doors.
The First Niagara branch office at 126 Main Street in Windsor will cease operations on October 7.
The closure will occur as part of KeyBank's $4.1 billion acquisition of First Niagara. Other First Niagara branches will become KeyBank offices.
The closing of the Windsor branch means the village and town will no longer have a bank.
Village Mayor Ronald Harting said many older residents are unhappy that they won't have a place to do their banking.
Windsor Town Supervisor Carolyn Price echoed that concern, noting there are people who still prefer to deal directly with a teller. She said some residents have been "in tears" as they closed their accounts because they've done their banking at that location for a long time.
Price said the town received a form letter several weeks ago providing notification of the planned closing.
The supervisor said "it's hard to believe" the town with more than 6,200 residents won't have a financial institution. She said the move will pose challenges for the town government and for Windsor businesses.
First Niagara has advised customers that all accounts assigned to the Windsor branch will automatically be assigned to the downtown Binghamton branch at 65 Court Street. That office will be converted into a KeyBank branch.
Two of the tellers at the Windsor office are expected to work at the Binghamton office when the transition is completed.
The historic Windsor building housing the bank was built around 1896. First Niagara acquired the property from HSBC in May 2012. It's not known what eventually may happen to the soon-to-be empty building.
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