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.


Business

Jack Connors, who helped launch Business First of Buffalo and has served as its publisher since 1986, plans to retire Jan. 31. "I just decided it was time for a little changing of the guard," said Connors, who is 68. "I think it's healthy at this point. The paper's doing extremely well. It just felt like the right time." Connors has spent 45 years in the news busines…

Emerling Chrysler Dodge Jeep Ram plans to break ground Friday on a $5.2 million dealership in Springville. The facility will be built at 135 S. Cascade Drive and is expected to open in May 2018. The dealership's current Springville location, at 195 W. Main St., will be leased or sold. The dealership has 26 employees, a total that is expected to increase to 50 …

Business

Dunkirk-based Lake Shore Bancorp has reached the $500 million asset mark for the first time. The parent company of Lake Shore Savings Bank reported having nearly $513 million in assets in the third quarter. Daniel Reininga, president and CEO, called it "a significant milestone" for the bank, which has 11 branches in Chautauqua and Erie counties. The bank's third qua…

Business

When Peter Goodman was pursuing his MBA at Harvard University, he explored career opportunities in Charlotte, Denver and Boston. “Within the two-year period, I think you look under the hood of a lot of places,” he said. He chose Buffalo, drawn by a program at M&T Bank that has produced some of its top leaders. Goodman was interested in the financial worl…

Business

Five Star Bank's parent company has reached a milestone: surpassing $4 billion in assets. Financial Institutions reported total assets of $4.02 billion in the third quarter. As of June 30, only 197 U.S.-chartered banks had at least $4 billion in assets, according to the Federal Deposit Insurance Corp. Banks of larger size are better equipped to handle the cost of …

Business

Just over a year ago, First Niagara Bank branches switched to KeyBank signs and logos, converting a branch network and client base spread across four states. Now, Key's CEO and chairman, Beth E. Mooney, looks forward to the bank building on what it absorbed from First Niagara. "I think 2017 was about making sure we came together, we did things right," said Moon…

Business

Three banks with a local presence won accolades from Bankrate.com and Money magazine. Northwest Bank was rated one of the top five regional banks in the country for 2017. And KeyBank and Bank of America were named two of the five best big banks in the country. Bankrate and Money collaborated to find financial institutions offering both a free or cheap checking accou…

Business

Northwest Bancshares has nearly wrapped up its search for a new member of its executive team. The Warren, Pa.-based bank, which has built a larger presence in the Buffalo Niagara region, is preparing to name someone to the newly created position of president and chief operating officer. The current president, William J. Wagner, will remain chairman and CEO once the new…

Business

The Small Business Administration is expanding in downtown Buffalo to support natural disaster relief efforts. The SBA last month said it would hire more people to work out of its Disaster Assistance Customer Service Center, in response to the destruction caused by hurricanes Harvey, Irma and Maria, as well as the California wildfires. The Buffalo office's sister cen…

Business

Delivery of McDonald's food through UberEats is now available through 12 McDonald's restaurants in Buffalo and Amherst. Customers can place McDonald’s orders on the UberEats mobile app or on UberEats.com, with the same account they use to take Uber rides and track their order. The full menu at participating McDonald’s restaurants will be available as part of "M…

Business

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…

Business

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…

Business

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…

Business

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…

Business

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…