July 24, 2002 Mr. William E. Swan Chairman, President and Chief Executive Officer First Niagara Financial Group, Inc. 6950 South Transit Road Lockport, New York 14095 Dear Mr. Swan: This letter sets forth the agreement between First Niagara Financial...First Niagara Financial Group Inc • September 18th, 2002 • Savings institutions, not federally chartered
This letter sets forth the agreement between First Niagara Financial Group, Inc. ("First Niagara" or the "Company"), subsidiary of First Niagara Financial Group, MHC, Lockport, New York (the "MHC"), and RP Financial, LC. ("RP Financial"), whereby the Company has engaged RP Financial to prepare the written document and financial projections reflecting the pro forma impact of the mutual to stock conversion of the MHC, the simultaneous cash and stock acquisition of Finger Lakes Bancorp, Inc., ("Finger Lakes") and the post-conversion activities of the Company. These services are described in greater detail below.
July 24, 2002 Mr. William E. Swan Chairman, President and Chief Executive Officer First Niagara Financial Group, Inc. 6950 South Transit Road Lockport, New York 14095 Dear Mr. Swan: This letter sets forth the agreement between First Niagara Financial...First Niagara Financial Group Inc • September 18th, 2002 • Savings institutions, not federally chartered
