M&T Bank Corp. of Buffalo is poised to enter the property and casualty insurance business early next year with a deal to buy a local agency.

M&T said last week that it agreed to buy Matthews, Bartlett & Dedecker Inc., a Buffalo agency that had revenues of nearly $5 million last year. Terms of the deal, which is expected to close during the first quarter, were not disclosed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.