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M&T Bank in Buffalo, N.Y., has completed its acquisition of Hudson City Bancorp in Paramus, N.J., putting to rest a deal that had been announced more than three years earlier.
November 2 - New York
The New York company took investors on a roller coaster ride over a dozen years, with issues that included a CEO's death, another leader's ambitious M&A strategy, and an ill-timed effort to upgrade outdated technology.
October 30 -
Signature Bank in New York reported higher profit in the third quarter, as loan growth offset issues in its taxi medallion portfolio.
October 20
M&T Bank has expanded its leadership in the metro New York region after
The Buffalo, N.Y., company named Paula Mandell area executive for New Jersey, New York's Westchester and Rockland counties and Connecticut. Mandell, who will report to Executive Vice President Gino Martocci, was previously regional president for the Bronx, Westchester and Rockland counties and Connecticut. She joined M&T in 1992.
The $132 billion-asset company named Frank Micalizzi to succeed Mandell, and he will report to her. Previously, he was group manager for the Tarrytown middle-market group. Micalizzi joined M&T in 2009 after working at JPMorgan Chase for 30 years.
M&T also named Tom Comiskey its New Jersey regional president. Comiskey, who will report to Mandell, was previously a senior group manager in the commercial banking division managing middle market, healthcare and not-for-profit commercial lending teams. Comiskey joined M&T in 2003.
M&T named Michael Weinstock market president for Connecticut and he will report to Micalizzi. The bank's Connecticut operations will now include nine former Hudson City branches in Fairfield County, as well as an existing M&T branch in Norwalk. Previously, Weinstock was a middle market lending group manager. He joined M&T in 1996.
The Hudson City deal gave M&T an additional $19 billion of loans and 135 branches. Hudson City Savings Bank operated 97 offices in New Jersey, primarily in northern New Jersey; 29 offices in New York state and nine in Connecticut.
