First Niagara Commercial Bank is a wholly-owned banking subsidiary of First Niagara Bank. It is a New York State chartered commercial bank and authorized to provide municipal banking, depository services, financing, and fiscal consulting needed by municipalities, school districts, and special units of government throughout New York State. First Niagara Commercial Bank offers many advantages:

• Dedicated local Municipal relationship managers experienced in government banking deal with each municipal client
• Large network of 120+ banking centers is available throughout upstate New York
• Operating and investment account services are custom designed to meet the needs of local governments and schools
• Highly competitive interest rate programs offer daily liquidity and greater earnings on operating accounts & fund balances
• Comprehensive Internet Banking and cash management resources provide security and central user administration under the control of the municipality
• Collateralization of public deposits is provided through authorized securities and other instruments permitted under Municipal law and in accordance with NYS Comptroller's guidelines. Third-party custodian is used to maintain pledged securities.

Municipal Financing
First Niagara actively participates in all local area government note sales, and provides municipal leasing programs through the First Niagara's Leasing Division. Seasoned government banking professionals are able to recommend financing options that best meet the borrowing needs of local governments and school districts. The Bank has provided government financing services to upstate New York State municipalities for many years.

Municipal Insurance Programs
First Niagara Bank is uniquely positioned to provide all types of commercial insurances and benefits programs needed by local governments and school districts through its wholly-owned Risk Management insurance subsidiary, the largest insurance agency in upstate New York. In addition to property, casualty, Workers Compensation, and liability insurances, the following risk management services are also available:

• Employee benefits programs
• Benefits consulting services
• GASB 45 compliance and actuarial consulting
• Third party administration services

With combined banking, financing, and insurance service offering, First Niagara's programs add considerable value to the District's financial and employee benefit areas to help lower costs, increase earnings on bank balances, and improve operating efficiencies.

From the smallest to the largest entities, First Niagara Commercial Bank can customize the necessary banking service and financing to fit the particular requirements of each government client.

We invite you to contact one of our Government Banking and Financing Professionals for more information.