First Niagara Completes $2.3MM Refinancing for Lesko & Polke Funeral Home

First Niagara Financial Group (Nasdaq: FNFG) announced that it has completed a $2.3 million, 10-year fixed mortgage refinancing loan to 1209 Post Road, LLC, the Property Holding Company of Lesko & Polke Funeral Home, Pre-Planning and Cremation Services, LLC. In addition to the refinancing of its two commercial properties, 1209 Post Road, LLC has relocated all of its commercial operating accounts to First Niagara’s Fairfield Center branch, making the holding company one of the branch’s first commercial accounts since the May transition from HSBC.

Kevin Lesko, Property Owner, Funeral Director and Co-Owner of Lesko & Polke, said the refinancing improves the business’ cash flow and liquidity, facilitating future opportunities to improve and expand operations to better serve families in Fairfield County and beyond.

Lesko & Polke provides a full range of services and merchandise designed to help grieving families create a meaningful experience to “celebrate a life lived.” Its unparalleled staff and facility provide full coordination of traditional funeral services, traditional cremation and memorial services, and pre-planning.

With five generations and more than 122 years of funeral caregiving experience, Lesko & Polke has had a tremendous impact on its community. The original Lesko and Polke firms were ardent competitors for the better part of a century, until Kevin Lesko and Frank Polke merged the two businesses in February of 2005. The great, great grandsons of the founders built upon the loyalty of their respective families’ Eastern European clientele to create the totally community-focused business it is today. Their commitment to service is enhanced by their 11,000 square foot facility, completed in 2008.

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