BREAKING: Key Bank To Purchase First Niagara Bank [VIDEO]

KeyCorp, the parent company of Key Bank, will be stretching a little further into the Northeast with a $4.1 billion deal to purchase First Niagara Bank.

The deal will make the Key Bank the 13th largest commercial bank in the United State.

The Buffalo-based, First Niagara Financial Group, currently has 400 locations throughout New York, Pennsylvania and Massachusetts, which could also lead to branches closing and the loss of jobs with the merger.

Following the giant merge, Key Bank expects to operate 1,366 retail branches in 15 states and manage a total of $135 billion in assets corporate-wide.