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First Niagara sells mortgage-backed securities, pays-off debt

July 1, 2012
The OBSERVER

BUFFALO - First Niagara Financial Group, Inc. recently announced that it has taken steps to reposition its securities portfolio through the sale of $3.1 billion of mortgage-backed securities (MBS), the proceeds of which were used to repay a comparable amount of short-term debt.

 
 

 

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