Matt Glynn - The Buffalo News

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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.


A 37-year-old Buffalo man died early Saturday after he lost control of the SUV he was driving in the 900 block of Fillmore Avenue. Buffalo police said the vehicle was traveling north on Fillmore at about 3 a.m. when it left the road and struck a house. The man was declared dead at the scene. Residents of the house were home at the time of the crash, but no occupants …

Business

It's almost closing time for KeyBank at 3920 Main St. in Amherst. The last of its employees who worked there will move out this weekend, said Matthew Pitts, a Key spokesman. The office building had housed contact center employees, as well as some other administrative and operations employees. Key announced last March it would move out of the building by year's end …

Business

KeyCorp has high hopes for growing its residential mortgage business, which is based in Amherst. "If we do just one $250,000 mortgage in each of our 1,200 branches each month, we double the annual originations of that business," said Christopher Gorman, Key's president of banking, in a presentation this week. "And obviously, for what we're putting into it and our foc…

Business

Several years ago, the Lockport factory that makes radiators, condensers and other parts for General Motors cars and trucks faced threats to its survival. Its parent company at the time, Delphi Corp., had sunk into bankruptcy, and the plant was under pressure to fix its own financial woes. Even after returning to GM’s control, the plant had to prove itself worthy…

Business

Five Star Bank's parent company generated net proceeds of $38.3 million from a stock offering that is now complete. Warsaw-based Financial Institutions said it sold about 1.4 million common shares at an average price of $29.33 per share, for gross proceeds of about $40 million. The shares were offered through Sandler O'Neill and Partners as the sales agent. Financial…

Business

Lippes Mathias Wexler Friedman has opened an office in the Jacksonville, Fla. area, the fifth location for the Buffalo-based law firm. Christopher A. Walker, a Buffalo area native, was named partner-in-charge of the new office, which is in Ponte Vedra Beach. Walker was previously an attorney with the firm before relocating to Florida. Lippes Mathias' four oth…

Business

Bank on Buffalo is expanding its branch network to Amherst. The bank on Thursday will open its third area branch, at 5190 Sheridan Drive, which used to be a First Niagara Bank branch. The location, near Hopkins Road, closed in October 2016, when KeyBank combined its branch network with First Niagara's. Bank on Buffalo didn't acquire the deposits associated with t…

Business

Tops Markets will start offering online grocery delivery in the Buffalo area within the next two weeks, joining a wave of retailers adding the service. "We definitely felt we needed to be in the game," said Kathleen Romanowski, a Tops spokeswoman. "As business changes, we need to change with it." Tops will operate the service in partnership with grocery delivery a…

Business

Citizens Bank has created a new position to give the bank a tighter focus on Buffalo and Rochester, with an eye toward increasing its commercial business in those markets. The Rhode Island-based bank now has a Western New York market executive, and hired Ted Smith, an M&T Bank veteran, to fill the job. He started with Citizens this week. Smith, who lives in the R…

Business

DowDuPont's planned cuts are not expected to impact the company's Town of Tonawanda plant. "The site will continue to operate as business as usual," said Daniel Turner, a company spokesman. DowDuPont, the product of the Aug. 31 merger of Dow and DuPont, said last week it will cut workers and close some plants, as it aims to generate cost savings of $3 billion. T…

Business

KeyBank says it intends to step up its local lending through a Small Business Administration program that supports businesses which might otherwise have trouble obtaining financing. During the past federal fiscal year, which ended Sept. 30, Key was No. 9 in dollar volume in the nation for SBA 7(a) loans, and No. 12 in the number of loans approved. The SBA can guara…

Business

A Jamestown nonprofit has a shot at a $10,000 grand prize in a contest sponsored by M&T Bank, and the public can help it win. Community Helping Hands is one of five community groups that were named finalists in M&T Bank's first "Understanding What's Important Business Challenge." The five were chosen from nearly 500 submissions, nominated by businesses. C…

Business

Bankruptcy filings in the Buffalo/Rochester region dropped 9 percent in October from a year ago, according to the U.S. Bankruptcy Court. A total of 388 cases were filed, compared to 426 in October 2016. Year to date, the number of bankruptcy cases filed was 3,683, up 2.2 percent from the same period in 2016.

Business

Northwest Bancshares has hired a veteran Ohio banker to fill the new position of president and chief operating officer. Ronald J. Seiffert, 60, is set to join Warren, Pa.-based parent of Northwest Bank effective Nov. 13, the bank announced Thursday. William J. Wagner, who is currently Northwest's president, will retain his roles as chairman and CEO after Seiffert …

Business

M&T Bank earned the highest score in a small business banking customer satisfaction survey, among 11 Northeast banks rated by J.D. Power. M&T scored an 815, on a 1,000-point scale, and finished ahead of last year's Northeast region leader, Capital One. The regional average was 782. J.D. Power calculates its scores based on opinions of customers who…