M&T closing two Southern Tier branches - The Buffalo News

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M&T closing two Southern Tier branches

M&T Bank plans to close two branches -- one in Chautauqua County, the other in Cattaraugus County -- in June.

M&T has asked the state Department of Financial Services for permission to close a branch at 23 Main St. in Bemus Point on June 1 and its location at 48 N. Main St. in Delevan on June 2. Customers were notified by email of the plans this month.

The Bemus Point location accounts will transfer to M&T's Lakewood branch on East Fairmount Avenue, while the Delevan accounts would move to its Arcade branch on Main Street.

M&T owns both properties that are closing and plans to put them on the market once the moves are complete, said Julia Berchou, an M&T spokeswoman.

"Generally speaking, customers are using branch teller windows less for everyday transactions as we’re able to bring the bank closer to them with services such as remote check deposit, Web banking and mobile banking," Berchou said.

M&T presently has three branches in Cattaraugus County and ranked fourth in deposit market share there, according to Federal Deposit Insurance Corp. figures from 2016. In Chautauqua County, M&T currently has nine branches and ranked second in deposit market share.

 

 

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