First Niagara/HSBC branch consolidation includes branch at Troy Music Hall

troy savings bank music hall

It's a bank. It's a music hall. It's currently both. And at the very least, will be a music hall going forward.

First Niagara has announced which bank branches it will be eliminating as part of its purchase of HSBC's upstate New York branches, first announced last August.

The bank is consolidating ten branches in the Capital Region's core counties -- split evenly between current HSBC locations and current First Niagra locations. In many cases, the branches are almost right next to each other. The list is after the jump.

On the consolidation list: the First Niagara branch in the bottom of the Troy Savings Bank Music Hall building. So, what's that mean for the music hall?

It turns out the building is a condo. And the music hall, specifically the Troy Savings Bank Foundation, owns the concert hall part of the building -- and the bank owns the bank branch portion.

"The music hall will continue to present performances, as in the past. We're booking for next year," said Leslie Cheu, the executive director of the Troy Savings Bank Foundation when we talked with her this afternoon. And Jon Elbaum, the music hall's executive director, told us the branch consolidation "doesn't change our plans at all."

Like any other condo, the owners do share the costs of maintaining common areas. And, of course, you'd always like to know who's going to be your neighbor. Cheu says the foundation doesn't have much information about what the bank plans to do with its part of the building. We have a request in with First Niagara -- when we hear back, we'll update. As the Times Union pointed out today, the building has contained a bank for more than 140 years.

First Niagara acquired the branch in the music hall building when it bought the Troy Financial Corporation in January 2004. The music hall opened in 1870 when the Troy Savings Bank built a new headquarters at the location. As the music hall's website notes: "To demonstrate the Bank's appreciation for the many years of patronage by the local citizens, the plans for the new building included a music hall on the upper floor."

Branches being consolidated

List and distances from First Niagara.

First Niagara HSBC Branch Consolidation 2.17.12

The Troy Music Hall advertises on AOA.


The Troy Savings Bank originally proposed to share space with what would have been Troy's first real city hall -- but, weirdly for Troy, the decision on a City Hall took too much time and the bank decided to move ahead:

And they've shared the space before: The Troy Savings Bank Music Hall's basement was once rented out to the Troy Bicycle Club:

It occurs to me that there are some quite lovely murals depicting bucolic early Troy inside . . . .it would be a shame to lose them. I hope someone at least documents them well.

Say Something!

We'd really like you to take part in the conversation here at All Over Albany. But we do have a few rules here. Don't worry, they're easy. The first: be kind. The second: treat everyone else with the same respect you'd like to see in return. Cool? Great, post away. Comments are moderated so it might take a little while for your comment to show up. Thanks for being patient.

What's All Over Albany?

All Over Albany is for interested and interesting people in New York's Capital Region. In other words, it's for you. It's kind of like having a smart, savvy friend who can help you find out what's up. Oh, and our friends call us AOA.


Recently on All Over Albany

Approval for another big apartment project, Warehouse District reuse, Pine Hills demos, and more exciting tales of the Albany planning board

Exciting Tales of the Albany Planning Board is a program recorded before a live studio audience once a month in which the fates of multi-million... (more)

Flowers from the Netherlands, then

Decorative arts break: The earthenware tiles above are from the collection of the Albany Institute -- they date to around 1625 and they were made... (more)

Chuck Schumer is supporting marijuana decriminalization (and thinks legalization in states has worked out pretty well)

Chuck Schumer says he'll be introducing legislation for decriminalizing marijuana on the federal level, which would allow states to decide on the legality of recreational... (more)

History days at Cherry Hill and Ten Broeck Mansion

Historic Cherry Hill and the Ten Broeck Mansion in Albany are again hosting early May history days, this time on May 6: Historic Cherry Hill:... (more)

Morning Blend

Cities and trash + The city of Albany is apparently behind schedule on mapping out a plan for how to handle its trash after the... (more)

Recent Comments

... Also I would try a Tux shop. They do measurements for other tux shops all the time (for free), it's an industry courtesy. Waldorf Tux shop (Lark St) is an independently owned, "old school" tux shop--real sense of proper fitting---not just taking the "closest size" from the rack. ...

Chuck Schumer is supporting marijuana decriminalization (and thinks legalization in states has worked out pretty well)

...has 1 comment, most recently from ace

Where to donate a virtually new mattress?

...has 10 comments, most recently from EMB

Stuff to do this weekend

...has 1 comment, most recently from Audrey

A look around the new Cafe Madison

...has 2 comments, most recently from mg

The new season of the CDPHP Cycle bike share has started up

...has 4 comments, most recently from Paul