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.

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.