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06/04/10
Big First Niagara Donation Lets All Philadelphia Pools Open more >

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6/4/10

Big First Niagara Donation Lets All Philadelphia Pools Open

Philadelphia, PA - With a six-figure donation from First Niagara Bank (NASDAQ: FNFG), the City of Philadelphia has reached its goal of opening all of its pools this summer. Officials of First Niagara, which is based in Upstate New York and recently opened branches in the Philadelphia region, presented the city with a $400,000 check Thursday at a confetti-filled news conference. It was the largest donation the city had received toward its Splash and Summer Fund, a fund-raising campaign launched last year to keep more pools open.

"Keeping our swimming pools open during the summer is important to maintaining a strong sense of community in which friends and neighbors can connect," Mayor Nutter said. "First Niagara Bank's generosity . . . is another great example of the positive impact that public and private partnerships have on providing safe and enjoyable activities for all of our residents." In addition to supplying a haven from the heat and a form of exercise for youths, city pools produce about 800 seasonal jobs.

"When the bank was made aware of the budget realities facing the city's pool initiative, we jumped at the chance to help”, said John R. Koelmel, First Niagara's president and chief executive officer. First Niagara will also give $250,000 in grants so that 35 YMCA branches across eastern Pennsylvania - the bank's largest regional market - can offer free swimming lessons. City pools are scheduled to begin opening June 18.

“Kaplan & Associates did an outstanding job in both positioning my experience and in aligning my personal goals with the right opportunity. In the final outcome, K&A found a position that was finely tuned to my personal and professional objectives.”

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