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The Empire State Development board of directors approved the Ralph Wilson Stadium renovation plan and the 10-year lease extension. Additional approvals are required from the county, state and NFL owners. It's anticipated that the deal will be formally completed in late March.
KeyCorp, the parent of KeyBank, announced the sale of its investment management subsidiary and broker dealer affiliate. For $246 million in cash and debt, private equity fund Victory Capitol Management is the purchaser. KeyCorp intends to buy back some of its shares of common stock with proceeds from the sale.
BlueCross BlueShield of WNY has named all Buffalo area Catholic Health hospitals Blue Distinction Centers.