Federal Reserve extends public comment period for KeyCorp acquisition of First Niagara

The public comment period for KeyCorp’s acquisition of First Niagara has been extended until Jan. 31. The announcement comes just a few days after Sen. Chuck Schumer called on the Federal Reserve to extend the period past its Dec. 31 deadline. Cleveland-based KeyCorp (NYSE: KEY) announced it was acquiring Buffalo, New York-based First Niagara (NASDAQ: FNFG) for $4.1 billion in October. The acquisition is likely to lead to branch closings and job cuts in Albany and other upstate New York markets. Comments…