KeyCorp, one of the nation's largest bank-based financial services companies, acquired First Niagara Financial, a multi-state community-oriented bank, for $4.1bn. "Key and First Niagara are a powerful combination, driven by a shared commitment to the clients and to the communities we serve. This transformational opportunity will bring compelling and complementary capabilities to our shared 3m clients, while driving meaningful synergies and enhancing shareholder value. KeyBank and First Niagara both have values-based cultures and a long-term commitment to and experience with the region," Beth Mooney, KeyCorp Chairman and CEO.