First Niagara To Take Over HSBC Branches

Utica, NY (WIBX) - You'll be seeing a lot more First Niagara bank branches in upstate New York.

That's because the bank is taking over nearly 200 branches from struggling HSBC.

That includes all of the local HSBC branches.

The $1-billion dollar deal was announced over the weekend.

Nearly 30,000  HSBC employees are going to be unemployed.

The company's cuts are expected to occur by the end of 2013 and impact employees around the world.