M&T Bank (MTB) will take over the lease at a Buffalo-area mortgage facility that Bank of America (BAC) plans to close this spring, according to a report.

The handoff will reduce job losses from the planned May 31 closing of the Getzville, N.Y., facility, the Buffalo News reported Monday. M&T will hire at least 600 of the 1,200 workers at the mortgage servicing center, while Bank of America plans to transfer another 100 to other locations, the banks told the paper.

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