First Niagara Risk Management, an insurance subsidiary of First Niagara Financial Group, has acquired Pittsburgh's RTI Insurance Services and Three Rivers Financial Services.

According to First Niagara, the acquired businesses will adopt the company’s brand, effective immediately. It will further enhance its businesses into Pennsylvania’s market with this acquisition. The terms of acquisitions were not disclosed.

In conjunction, John Folino, founder of the firms in 1991, will join First Niagara Risk Management as the regional director of insurance for Western Pennsylvania.

With the RTI Insurance Services and Three Rivers Financial Services acquisitions in Pennsylvania, First Niagara Risk Management now has over 350 employees and more than 10 offices in two states. Its Upstate New York offices are in and around Buffalo, Rochester, Ithaca, Syracuse, Albany and Hudson. Its product line includes personal and commercial insurance, surety bonds, risk management, employee benefits and administration and life, disability and long-term care coverage.

Joseph Teresi, CEO of First Niagara Risk Management, said: “We’ve become a top 50 US broker and the ninth-largest bank-owned agency by pairing organic growth and the selective acquisition of outstanding insurance businesses run by successful entrepreneurs in markets where we do business.

“The businesses that John Folino has built and will continue to lead are the perfect complement to our retail and commercial insurance and bank offerings in Western Pennsylvania.”