M&T Bank
M&T Bank Corp is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
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One problem is that banks are shifting to online and mobile channels for delivering advice, which is inferior to in-person communications, according to a recent survey conducted by J.D. Power.
February 26 -
Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.
January 26 -
The Buffalo-based company donated a record $50 million to its charitable foundation to honor its former CEO Robert Wilmers, who passed away in late 2017.
January 18 -
Jones, who was CFO until last year, succeeds Robert Wilmers, who passed away unexpectedly last week.
December 21 -
Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.
December 19 -
Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times.
December 18 -
Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.
December 18 -
Robert Wilmers joined M&T in 1983 when it had just $2 billion of assets and built it into a regional powerhouse with $120 billion of assets and operations in a dozen states.
December 17 -
For the second week in a row, the CFPB's leadership shakeout dominated readers' attention, while a regional banker discussed efforts to fight hacking and the impact of the tax cuts, and bitcoin's price soared.
December 8 -
Flush with capital and facing stiff competition for customers, many regional banks appear to be mulling acquisitions to accelerate growth.
October 20 -
Strong gains in net interest income offset a decline in fee income, but a recent settlement with the federal government over alleged misconduct at its Wilmington Trust unit weighed on the Buffalo company's overall results.
October 18 -
Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.
October 11 -
The Buffalo, N.Y., bank has been freed from an enforcement order that required an upgrade of its anti-money-laundering compliance systems. The Fed had ordered the upgrade as a condition for approval of its acquisition of Hudson City Bancorp.
July 28 -
Monetary policy was intended to act as an accelerant for an economy in recession, and did in fact accomplish that goal early on; however, its benefits have waned, if not reversed, over time.
April 24 -
A new accounting policy and improved profit margins fueled M&T Bank’s double-digit profit growth in the first quarter.
April 17 -
In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth.
April 4 -
Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers.
April 4 -
The rally in bank stocks since Donald Trump's surprise victory in November has minted a new billionaire banker ahead of Friday's inauguration: M&T Bank CEO Robert Wilmers.
January 19 -
While the Trump administration could relax other bank regulations, it is unlikely that it would ease up when it comes to money-laundering compliance.
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