March 28, 2012 | last updated June 1, 2012 1:31 pm

First Niagara parks in CT's auto-loan market

Buffalo, N.Y. regional lender First Niagara Financial Group will begin offering auto loans business that will provide a variety of car financing options through dealerships across Connecticut and the Northeast.

The new program is immediately available across Connecticut, Massachusetts, New York, New Jersey, Rhode Island, Delaware, New Hampshire, Vermont, and Maine.

The parent of First Niagara Bank, which has a major Connecticut presence, said it expects to extend indirect lending to Pennsylvania during the second quarter of 2012.

More than 400 new car dealers have already agreed to participate in the program, and the company expects that number to grow to 1,500 dealers by 2014.

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