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• • • • • A Democrat to the left of him, a Democrat to the right and the country's top Democrat speaking from the rostrum — First Niagara Financial Group Chief Executive John Koelmel was surrounded. Invited by Reps. Brian Higgins and Kathy Hochul, two Democrats from upstate New York, Koelmel attended President Obama's Sept. 8 speech to Congress, in which he outlined his plan to cut payroll taxes to create jobs. Most bankers are Republicans, right?

If Koelmel is, he wouldn't admit it, telling American Banker in an interview that 'at this point, I'm very much apolitical.' 'We've got both parties overplaying their hands and making life way too political,' he said. 'It makes it impossible for me to support anyone along party lines.' Maybe he was being polite to his hosts, Higgins and Hochul, who asked Koelmel to come to Washington from Buffalo for the speech. Koelmel said he was invited because his First Niagara Bank has been one of the leading job-generators in western New York.

'We've hired and added hundreds of jobs over last two to three years,' Koelmel said. Koelmel is familiar with careful balancing acts when it comes to jobs.

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First Niagara said in May it would add 500 new jobs over the next five years to support its rapid expansion. However, its plans to buy 195 branches from HSBC Holdings PLC — including a number of them in Buffalo — raised concerns that layoffs were inevitable. Bank officials have said the deal would not cost many jobs because it is in growth mode and the Justice Department will require it to sell some branches for antitrust reasons. 'We're going to have to sell those branches and bring other competition to the marketplace, support and perpetuate jobs that otherwise would have been eliminated,' he told American Banker shortly after the deal was announced. As for Obama's jobs plan, Koelmel said unemployment is the top economic issue facing the country, and that he's hopeful Obama's proposal is a step in the right direction. But Koelmel also provided what can only be described as classic conservative analysis.

Ithipiso gathawa in word document. 'Washington's job is to get out of the way and enable the private sector to lead, and to lead in a way that creates real sustainable stimulus,' he said. 'Implicit in that is job growth.'