Matt Glynn, The Buffalo News
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Matt Glynn

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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.

Evans Bancorp reported record-high net income of $3.1 million in the first quarter, and says the market disruption caused by KeyCorp's deal for First Niagara Financial Group remains a factor among banking customers. This was the first time Evans hit the $3 million mark for net income in one quarter. David J. Nasca, the bank's president and CEO, said the bank benefited f…

M&T Bank is trimming branches in territory that Hudson City Bank used to serve. By the end of July, M&T plans to close six branches in Suffolk County, as well as five former Hudson City branches in New Jersey, said Chet Bridger, a bank spokesman. M&T already had four M&T branches in Suffolk County, which is on Long Island, before it picked up 12 Hudso…

The Bank of Akron completed a historic transition at its annual meeting on Tuesday. Anthony J. Delmonte Jr. took the reins as president and CEO from E. Peter Forrestel II, a handoff planned since late 2015. Delmonte, who had served as chief operating officer, is the first person who is not a Forrestel to lead the bank since the 1930s, a streak that lasted three generati…

Five Star Bank's new downtown branch "will serve as an excellent foundation for continued growth in Buffalo and all of Western New York," the bank's president and CEO, Martin K. Birmingham, said in a statement. Warsaw-based Financial Institutions on Tuesday reported its first quarter net income increased 4 percent, to $7.9 million from $7.6 million a year ago. Its Fount…

Community Bank System reported a 7.6 percent increase in net income in the first quarter, to $26.3 million. The bank, based in suburban Syracuse, recorded diluted earnings per share of 57 cents, compared to 55 cents a year ago. During the quarter, Community Bank completed its deal for Northeast Retirement Services. The bank's total revenues for the first quarter incr…

Buffalo Niagara's unemployment rate dipped to 5.2 percent in March, from 5.4 percent a year ago. The statewide unemployment rate was 4.4 percent, down from 5.1 percent in March 2016. The national rate was 4.6, also a drop from 5.1 percent last year. The Buffalo Niagara region's March jobless rate has fallen for five consecutive years, according to state Labor Departm…

Computer Task Group's chief financial officer, Brendan Harrington, has left the company, after his role was combined with another executive's. CTG said Harrington resigned "by mutual agreement." John Laubacker, the company's treasurer, has taken on the CFO's duties. CTG said the job consolidation was part of its plan to control expenses. Harrington joined CTG in 1994…

Northwest Bank will close its consumer finance subsidiary's 44 offices, saying the business has simply failed to grow. The Northwest Consumer Discount Company offices are set to close July 14, the Pennsylvania-based bank said Monday as it released first-quarter earnings. All of the locations are in Pennsylvania. The 44 offices have about 130 employees. Northwest pres…

Tompkins Bank of Castile wants to step up its commercial lending in the Buffalo market. The bank has hired Adam Desmond as its region market leader. The Grand Island resident formerly worked at KeyBank and First Niagara Bank.   Tompkins Bank of Castile is searching for office space in the Buffalo area, and plans to add employees to serve its banking, insu…

Spectrum, formerly known as Time Warner Cable, will hold a job fair on Saturday to fill 30 customer service positions. The job fair will be 10 a.m. to 2 p.m. Saturday at Spectrum's AppleTree Business Park location, at 2875 Union Road in Cheektowaga. Attendees can use the visitor entrance next to National Fuel. Interested candidates should first submit an application …

Bank on Buffalo's parent company likes the new bank's results so far in the Buffalo Niagara market. "We are encouraged by the strong loan pipeline across our entire footprint but especially the Buffalo market," said Joseph B. Bower Jr., president and CEO of CNB Financial Corp., in a statement announcing the bank's first quarter earnings. "Buffalo has given us a very war…

KeyBank is starting to build on the business lines it added from First Niagara Bank as part of the acquisition, Key's CEO Beth E. Mooney said Thursday. Acquiring business lines like residential mortgage, auto lending and insurance has allowed Key to tap into new opportunities, keeping them based in Buffalo but reaching a broader territory, Mooney said. In the mortgage …

Small businesses in low-income neighborhoods were much less likely to receive bank loans than those in higher-income areas of Buffalo Niagara, a new report said. The same pattern emerged in predominantly minority communities compared to white neighborhoods. The Woodstock Institute, an Illinois-based advocacy organization that examined lending patterns in the Buf…

M&T Bank Corp. chairman and CEO Robert G. Wilmers believes strongly in the power of small businesses. He points to the rise of Moog Inc., New Era and Under Armour – all of which are M&T customers – from fledgling startups to thriving companies, driven by determined entrepreneurs. But Wilmers worries government regulations are creating too great of a burde…

M&T Bank Corp. is still awaiting a green light from federal regulators that would allow the bank to get back into making acquisitions. M&T's chief financial officer, Darren J. King, said Monday he hopes the Buffalo-based bank receives that approval by year's end, but no one knows for certain when word might come. Since 2013, M&T has had a "letter of agree…