NEW YORK -- MTB Bank said it will acquire Trading Alliance Corp. in a move to expand its trade finance business.

MTB, a newly licensed, New York-charterd bank with $210 million in assets, also hired Anthony K. Brown and Michael T. Schlegel, two former managing directors of Trading Alliance.

Trading Alliance is a New York-based unit of Crown USA, a subsidiary of a Japanese electronics and trade finance company of the same name.

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