Matt Glynn, The Buffalo News

Share this article

print logo

Matt Glynn

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.


The future of a Jamestown sheet metal manufacturer was in doubt a few years ago, before Heather Turner and her husband, Ricky, stepped in to acquire it in early 2014. If Blackstone Business Enterprises' owner couldn't find a buyer, the business was in danger of closing, taking 88 jobs with it, Heather Turner said. The Turners now run the renamed Blackstone Advan…

Linda McMahon, the former pro wrestling executive who heads the Small Business Administration, is scheduled to visit Buffalo on Tuesday. McMahon has been visiting SBA districts around the country on her "SBA Ignite" tour, meeting with small businesses to hear their concerns. She is scheduled to visit the SBA's offices on South Elmwood Avenue. McMahon and her husba…

KeyCorp is benefiting from its deal for First Niagara Financial Group, but additional mergers are "not a priority," Beth E. Mooney, Key's chairman and CEO, said Thursday. "We do not yet feel like we are fully complete realizing the value of First Niagara for our shareholders," Mooney said, as the Cleveland-based bank released its third quarter earnings. Key's qua…

As M&T Bank considers making acquisitions, it's thinking about more than just banks, said M&T's chief financial officer, Darren King. M&T recently received the green light to make deals again, after the Federal Reserve lifted a restriction in place since 2013. For M&T, acquisitions have historically meant buying banks, but King said M&T's "spectr…

Shelley Drake has built a 46-year career at M&T Bank. Now she has a new responsibility, as Western New York region president. In that role, she will manage middle market banking in a region encompassing 77 offices in eight counties. Drake will also remain president of the M&T Charitable Foundation, which last year distributed $28 million in grants to non…

Performance Advantage, located on Central Avenue in the Village of Lancaster, will play host to Vice President Pence on one of his stops in the Buffalo area on Tuesday. The company makes and markets tool mounting brackets, primarily for firefighting vehicles. Richard Young founded the business in 1992. The company's other customers include law enforcement, the mili…

When the United Auto Workers asked for volunteers to fly to Puerto Rico to help with hurricane relief efforts, Lumi Irizarry stepped forward. The 24-year-old member of UAW Local 686, who works at General Motors' Lockport components plant, has family connections to the hurricane-ravaged island. His grandmother lives there, along with cousins, aunts and uncles, accor…

M&T Bank and KeyBank were among the most active lenders in the country in the Small Business Administration's 7(a) loan program, which provides federal guarantees for small business loans, during the 2017 fiscal year. Key ranked No. 9 in volume, at $318 million, up 43 percent from the year before, the SBA reported. M&T ranked No. 8 in the number of approved lo…

Wilmington Trust, an M&T Bank subsidiary, will pay $60 million to settle claims of false loan reports brought by the U.S. Attorney's Office in Delaware. The settlement, announced Tuesday, resolves allegations that predated M&T's 2011 purchase of Wilmington Trust. M&T was not charged in the case. "Wilmington Trust believes resolving this matter now is…

Buffalo's two biggest players in banking also rank among the top 20 in the country in deposits. KeyCorp moved up to No. 17, with $105.3 billion, fueled by last year's deal for First Niagara Financial Group. M&T Bank Corp. was No. 20, with $97.8 billion. The banks were ranked based on deposits the Federal Deposit Insurance Corp. recorded for June 30. The FDI…

Midsize companies are still upbeat about the economy, but seem to want a clearer view of whether changes to the federal tax code and other policy proposals will go through before making big investments, according to results of an M&T Bank survey. M&T polled businesses across its multi-state territory for its third-quarter survey, gauging their hiring and inve…

A Delham Avenue resident reported a number of items stolen from his vehicle between Friday night and early Saturday morning, Buffalo police said. Buffalo police said someone stole a backpack that included a government satellite phone valued at $3,500 and a second government-issued cellphone valued at $200.

A vehicle was stolen and apparently set on fire Saturday, Buffalo police reported. The 2008 red Chevrolet Impala was reportedly stolen when it was left unoccupied and running on Manhattan Avenue. Less than 20 minutes after the car was reported stolen, police found the vehicle on Gillette Street, about two miles away. Police said the Impala "appeared to have been in…

May 8, 1931-Sept. 24, 2017 Loree Alan Dean Paulson, an engineer who was the last head of the Worthington Compressor plant in Buffalo, died Sept. 24 in the Greenfields in Lancaster. He was 86. Mr. Paulson was vice president and general manager of the Worthington plant at Clinton Street and Roberts Avenue when it was closed by its corporate parent in 1987, eliminati…

Dionne Williamson has worked in sales for more than 20 years, currently as the national sales director for Visit Buffalo Niagara. In that role, she encourages groups to look beyond Buffalo's weather reputation to bring their events here. "We're all about promoting Buffalo as a convention and tourism destination," she said. But on Saturday night, Williamson was the o…