WBEN Buffalo Business Report - Friday, November 8th 2019

Last Local Sears to Close

Randy Bushover
November 08, 2019 - 4:10 am

AP photo

The McKinley Mall Sears store is closing - the last one in the Buffalo area.  Transform Holdco, which bought the assets of bankrupt retailer Sears Holdings Corp. earlier this year, announced 96 stores - 51 Sears and 45 Kmart - are slated to close beginning December 2nd.  That would leave 182 stores in the company's portfolio.

Northwest Bancshares Inc. has made another large purchase.  According to Business First, Northwest plans to acquire MutualFirst Financial Inc. in Muncie, Indiana for $346 million. The all-stock transaction will close during the second quarter of 2020, pending regulatory and shareholder approval.  

The NFTA officially opens the Evans Bank Station@Lafayette Square today.  The initial term of the agreement is for five years with an option to renew for an additional five-year term.  Financial terms were not made public.

Catholic Health holds the dedication for its new Sisters Hospital Cardiology Center on the fourth floor of the hospital’s Main Street campus today.  The new center is part of Catholic Health’s comprehensive scope of cardiac care services.

Southtown Audio Video, headquartered at 75 Lake Street in Hamburg, is celebrating 35 years of business success on November 14th with an Open House from 4-9pm. 

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