M&T Bank is set to move its main office from the 32nd floor of downtown Boston’s One Post Office Square to the new Winthrop Center skyscraper in the fall – and it’s significantly expanding its footprint.
M&T Bank reported lower quarterly net income as it was affected by the high costs of retaining high interest-bearing deposits, despite both its loans and deposits increasing in the quarter.
Even if the Federal Reserve cuts its benchmark interest rate next year as predicted, banks may not in fact be able to realize lower deposit costs thanks to customer demand for high-yield products.
M&T Bank continued to see high interest rates weigh down its financials in the third quarter thanks to its higher cost of deposits borrowers made cautious by high lending rates.
The new chief financial officer of M&T Bank has four focus areas he intends to work on to polish operations in the regional bank, he said at a recent financial conference.
A global data breach on Tuesday tied to a piece of third-party software has potentially exposed the personal information of over 95,000 Massachusetts residents, M&T Bank told state officials.
Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
The nation’s 23 largest banks passed the Federal Reserve’s so-called stress tests this year, a sign that financial regulators think the nation’s banking system remains resilient despite the recent banking crisis.
Isabel Cruz is a familiar face to some in the housing advocacy world from her time at MHP. Now, she’s taking that experience to lead Boston-area CRA work at M&T Bank as it looks to build on the work of the former People’s United Bank.
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest installment of Banker & Tradesman’s Personnel File.
Buffalo-based M&T Bank saw deposits decline during the first quarter, a shift the bank expects to stabilize in the coming quarters.
Buffalo-based M&T Bank has joined Mass Fintech Hub, a public-private partnership that supports the financial technology industry in Massachusetts.
Tools meant to protect consumer accounts helped cause the high-profile problems People’s United Bank customers faced during M&T Bank’s system conversion last year.
Buffalo-based M&T Bank expects to see loan growth in 2023 and plans to build it its small business banking services in its newly acquired New England market.
The nation’s largest banks, including many key to the New England economy, have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.
Buffalo-based M&T Bank plans to provide $25 million in philanthropic giving as part of a three-year investment in the communities where People’s United Bank operated.
Six weeks after completing its acquisition of People’s United Bank, M&T Bank has named a regional president for the Eastern Massachusetts market.
M&T Bank completed its acquisition of People’s United Bank on April 1, more than a year after the banks announced the deal.
Buffalo-based M&T Bank expects to complete its acquisition of Connecticut-based People’s United Bank on or around April 1, the banks said in a statement yesterday.
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger.
