In September 2007, it was announced that First Niagara was to purchase Great Lakes Bancorp, parent company of Greater Buffalo Savings Bank. The price to purchase the 16 branch bank was $153 million.
Later in September 2007, it was revealed that First Niagara would be acquiring Great Lakes Bancorp, the parent organization of Greater Buffalo Savings Bank. The price for purchasing the 16-branch bank was set at $153 million.