John R Koelmel Net Worth is2.9 $Million
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John R. Koelmel is the current President and Chief Executive Officer of the Buffalo based First Niagara Bank and its parent, First Niagara Financial Group, serving in that capacity since December 2006. A career Certified Public Accountant, Koelmel joined First Niagara in January 2004, initially serving as Chief Financial Officer. Prior to joining First Niagara, he spent 26 years (1976a??2000) with KPMG, reaching the position of the Managing Partner of its Upstate New York operations. Koelmel then joined Financial Institutions, Inc, parent of Five Star Bank, serving as its Chief Administrative Officer until 2002, when he left to become an independent consultant. In his career at First Niagara, Koelmel has overseen the massive expansion the bank, more that doubling its size during his tenure. He received $3.2 million in total compensation in 2011.
Koelmel has served on a variety of boards in the Buffalo Area, including Kaleida Health, the Buffalo Niagara Partnership, Great Lakes Health, the New York Bankers Association, and Buffalo Place. In May 2012, he was tapped by New York Governor Andrew Cuomo to head up the New York Power Authority, replacing the outgoing Michael Townsend. His appointment is subject to New York State Senate approval.
An Orchard Park, New York native and a graduate of Orchard Park High School, Koelmel graduated from the College of the Holy Cross in 1974 with a Bachelor of Arts Degree in Economics and Accounting. He currently resides in East Amherst, New York with his wife, Marcia and her three children. He also has two adult children.

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John R Koelmel Latest News

First Niagara CEO Koelmel stepping down after failed merger

First Niagara Financial Group said CEO John R. Koelmel is stepping down and being replaced on an interim basis. Koelmel's departure was “mutually agreed,” the Buffalo, N.Y.-based company said Tuesday in a statement, without elaborating on the reason ...
Posted: March 19, 2013, 10:51 am

First Niagara/NewAlliance merger draws fire at New Haven public hearing (video)

First Niagara President and Chief Executive Officer John R. Koelmel was largely opposed by a community even less willing to cut him slack than when NewAlliance Chairwoman and CEO Peyton Patterson sought approval seven years ago for the demutualization of ...
Posted: March 8, 2011, 4:01 pm

Big bank replaces CEO

Crosby, 59, to serve as interim president and CEO. Crosby, who currently serves as chief administrative and chief operations officer, replaces John R. Koelmel who the bank said left as part of a “mutually agreed upon departure.” The change is effective ...
Posted: March 18, 2013, 10:08 pm

First Niagara's Koelmel defends NewAlliance acquisition

First Niagara Bank CEO John R. Koelmel defended his company's proposed $1.5 billion acquisition of New Alliance Bancshares at a public hearing Tuesday night, saying the merger of the two banks will create a banking "powerhouse" that will be able to provide ...
Posted: March 8, 2011, 5:21 pm

HARBORCENTER: IMPACT Sports Performance will operate high-performance training facility

HARBORCENTER President John R. Koelmel today announced IMPACT Sports Performance will operate HARBORCENTER's 5,000-square-foot, high-performance off-ice training facility. "We are excited to partner with Jason Jerome and IMPACT Sports Performance to ...
Posted: January 22, 2014, 10:06 am
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