Allegany, NY - Town Profile (Social Media Short) Allegany holds a warm spot in the hearts of many Western New Yorkers who went to college there and Olean encompasses one of the primary hubs of commerce in the Southern Tier. What you have here is a notable college in a beautiful small town in close proximity to a great small city all tucked into the gorgeous rolling hills and valleys of Cattaraugus County. Allegheny was first settled sometime around 1820 by Ebenezer Reed who came here from Connecticut. And as we've seen so many times during the series already, the Western New York to New England connection was strong during the settling of Western New York. The village here is a real hidden gem. It's a quaint and genuine village with a great Vibe and it's the perfect size for walking. Especially in Fall. Allegany is also home to Saint Bonaventure University. Known locally and to the faculty and students as “Bonas”, it's a first class post-secondary Franciscan institution and it has a gorgeous walking trail and even a nine-hole public golf course. ~A.A.