Governor Andrew Cuomo says the proposed acquisition of First Niagara by Key Bank would have a devastating impact on consumers and businesses in Upstate New York.

Cuomo is urging the federal government to reject the application.

He says the proposal would reduce retail banking competition, limit consumer access and convenience, and ultimately eliminate jobs throughout the region.

Blocking this deal is the right thing to do – plain and simple – and my administration will not hesitate to stand up for New Yorkers by opposing this acquisition.” said Cuomo.

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