M&T Bank in Buffalo, New York, named Peter D’Arcy head of commercial banking after completing its acquisition of People’s United Financial earlier this month. D’Arcy will take over from Gino Martocci, who is retiring.

More than two years into the pandemic, banks hit several turning points during the first quarter. On the positive side, commercial loan growth finally materialized, but there were also snags, particularly in fee income.

A sell-off of technology stocks this year has helped dissuade firms from going public. But Silicon Valley Bank’s parent company, which counts many tech firms among its clients, says the pullback hasn’t spread to smaller startups and the venture-capital funds that finance them.

The Columbus, Ohio, bank, which already makes more loans than any other lender in the Small Business Administration's flagship program, is testing a plan to offer them outside of its Midwestern footprint.

Last year, the Cleveland bank stopped providing cards to government benefit recipients in the Prairie State. During the first quarter, it reported a 23.8% decline in noninterest income from cards and payment services.

The Georgia bank warns that the one-two punch of rising inflation and supply-chain issues on its smaller commercial customers makes that asset class “something we would watch” for potential losses.

Earnings and total loans fell in the first quarter at M&T, but the Buffalo, New York, bank offered a rosier forecast for the rest of 2022. The outlook anticipates a shot in the arm from the recent acquisition of People's United Financial.