NewAlliance Bank to be bought by company in Buffalo

A company in Buffalo, N.Y. will be acquiring the NewAlliance Bank in a $1.5 billion business transaction that was complete today.

The merged banks, NewAlliance Bank and First Niagara Financial Group Inc., are now one of the nation’s 25 largest banks. The NewAlliance Bank is based in Connecticut and was formed in 2004.

It now 88 branches in Connecticut and Massachusetts. The president and CEO of First Niagara announced that he is excited to join the forces and thinks that the potential to grow is tremendous.

If your business are in the middle of a forming a business, you need experienced representation on your side. Contact the Des Moines business transaction lawyers of LaMarca Law Group, P.C. by calling (877) 327-2600.

Windstream Corp completes acquisition of local service provider

Windstream Corporation has reportedly completed the acquisition of a local exchange operator that provides wire line services in Iowa. The small business is located in Iowa, Missouri and Minnesota.

Windstream announced the $1.2 billion acquisition of Iowa Telecom in November 2009 and the entered a tentative settlement. Some Iowa shareholders filed class action suits to challenge this deal. Windstream is one of the leading rural telecom carriers in the U.S. with nearly 3 million fixed access lines. The corporation is buying smaller carriers to boost its revenues and customer base.

If you or your company are looking for legal assistance in business litigation or transaction, contact the Des moines business transaction lawyers of LaMarca Law Group, P.C. by calling (877) 327-2600 today.

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