First Niagara Leasing breaks $1billion barrier

First Niagara Financial Group has announced that its subsidiary, First Niagara Leasing, has achieved a new milestone in its equipment financing division with a portfolio that now exceeds $1 billion, putting it in the top 30 rankings.

The company is now the 27th largest bank-owned leasing company, by volume and net asset size. It says its strong equipment leasing growth is down to a tighter strategic and geographic focus in the Northeast and paying close attention to customer requirements.

“Our mission is to provide our prospects and customers with value-added leasing solutions that meet their specific needs,” said Edward Perkowski, president, First Niagara Leasing. “First Niagara has become a respected name in the financing industry, and the demand for dependable financing solutions has been on the rise over the course of the past year.”