Troy Savings Bank Music Hall in Modern Times
In 1979, the Troy Savings Bank Music Hall Revitalization Committee was founded by private citizens. With the bank's support and additional funding from the city and county for its administration, the Troy Savings Bank Music Hall Corporation was founded. A not-for-profit organization which still leases the Hall from the bank, it began its ownership with a performance by the Benny Goodman Band in 1980. There followed a corporate re-structuring and buyout and, in 1999, the Troy Savings Bank converted to a public corporation. On January 16, 2004, First Niagara Financial Group, Inc. acquired Troy Financial Corporation, the holding company for the Troy Savings Bank, and Troy Commercial Bank.
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