Matt Glynn, The Buffalo News
print logo

Matt Glynn

Author

Matt Glynn has been a business reporter with The Buffalo News since 2000. He is a native of Youngstown, N.Y., and lives in Buffalo.

Buffalo native Andrew Kresse was named CEO of Chase Business Banking, a business within Chase Consumer and Community Banking. Kresse joined JPMorgan Chase in 2007 after a career at other banks. Chase is the U.S. consumer and commercial banking business of JPMorgan Chase. Chase Business Banking provides deposit, credit and cash management services to companies with up…

The Buffalo radio veteran who goes by the on-air name Buddy Shula will live out a dream he has had since since he was a teenager: owning a local radio station. William Ostrander bought WECK AM 1230 and FM 102.9 from Richard Greene for $655,000. He expects to take ownership at the end of April, pending approval by the Federal Communications Commission. Greene has owned W…

Ted Brown of the Robert S. Pierson received the honorary "top hat" as captain of the first vessel to pass through the Welland Canal this season on Monday, according to the St. Catharines Museum and Welland Canals Centre, which hosted the ceremony. Monday marked the start of the 188th navigation season for the canal. It tied a record for the earliest opening date, set in…

PHH Mortgage Corp. will lay off 69 employees in Amherst at the end of June and then exit the Wehrle Drive building it leases. This is the third wave of layoffs the company has announced since last September. At the end of June, PHH will have about 30 employees left in the region. Those workers will telecommute, said Dico Akseraylian, a spokesman. PHH had previously s…

The pool table exiled from the Buffalo Bills’ locker room ended up in the right hands. Chris Hagstrom, 46, is a lifelong Bills fan who grew up in Bemus Point and now lives in Manhattan, where he works in banking. He’s been a Bills season-ticket holder for about 16 years and seized the chance to buy a one-of-a-kind piece of the team he loves. He won Cash Realty &a…

A former Manhattan Bagel store in the Town of Tonawanda will reopen as a Citizens Bank branch in October. Citizens will relocate a branch within the town from 1698 Sheridan Drive, east of Delaware Avenue, to 3494 Sheridan Drive, just two-tenths of a mile south on Delaware. The Rhode Island-based bank filed a request federal regulators to make the move. "This branch w…

Tradition runs deep at the Bank of Akron. The bank is headquartered in the same Main Street building it has called home since 1927, within walking distance of a pharmacy, an ice cream shop and insurance offices. A portrait of the late Eugene P. Forrestel, who served as president for 43 years, hangs near the entrance, watching over the institution he saved decades ago. …

We’re about to enter “earnings season,” when publicly traded companies release a quarterly snapshot of their financial performance. Feng Gu, associate professor and chair of the accounting and law department at the University at Buffalo’s School of Management, says the information companies share doesn’t tell investors what they truly want – and need – to …

Sen. Charles Schumer is pushing back against what he sees as threats to deductions for mortgage interest and local and state property taxes. "Taking away these deductions on federal tax returns would be brutally unfair and would hit Erie County homeowners right between the eyes," Schumer said in a statement on Thursday. He visited Amherst to call attention to the issue.…

The Buffalo Bills removed the pool table from the team's locker room – and now some lucky fan could buy it. Cash Realty & Auctions is conducting an online-only auction of the 8-foot "bar sized" pool table, complete with team logos and colors. "This is a MUST HAVE for any fanatics out there!" the listing proclaims. Cash Realty & Auctions said the table is…

Sumitomo Rubber USA has acquired 6.4 acres in the Town of Tonawanda where a fire destroyed a chemical plant nearly 30 years ago. Sumitomo paid $192,900 for the property at 3445 River Road, adjacent to its tire manufacturing complex on Sheridan Drive. The tiremaker said it doesn't yet have specific plans for the property, which it acquired from an affiliate of the Eri…

Businesses and tax professionals impacted by this week's snowstorm have until March 20 to request a six-month extension to file their federal income tax returns, the Internal Revenue Service said. Businesses that were unable to file their returns by Wednesday's due date can request an automatic extension by filing Form 7004, available on IRS.gov. Taxpayers asking for th…

Northwest Bank's top executive says the bank is considering making another deal to offset the cost of hitting the "consequential milestone" of $10 billion in assets. In his annual letter to shareholders, William J. Wagner, Northwest's chairman, CEO, noted the bank currently has assets of $9.6 billion. The Pennsylvania-based bank moved closer to the $10 billion mark by a…

Gowanda Components Group has made another deal, acquiring Dyco Electronics in Hornell. Terms of the deal were not disclosed. Dyco's operations will remain in Hornell, which is in Steuben County. Dyco makes custom magnetics and electronics. This was Gowanda's sixth purchase in the past five years. In February, the company purchased Microwave Circuits from AMTI in Lync…

M&T Bank and the Buffalo Bills for the ninth straight year are calling for nominations for the 2017 M&T Bank Touchdown for Teachers program, which recognizes local teachers for extraordinary service to their schools and communities. Five finalists will be selected based upon their involvement in their school and community, the significance of their positive impa…