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.


M&T Bank led in small business lending in the Buffalo-Rochester region in a key federally backed program in December. M&T had 19 of the 7(a) loans, according to the Small Business Administration. Five Star Bank had seven, followed by ESL Federal Credit Union with six. M&T accounted for 29 percent of the 7(a) loans for the month. M&T also led in dollar…

Business

PHH Mortgage Corp. agreed to a $45 million settlement to resolve allegations of improperly servicing loans from 2009 to 2012. The New Jersey-based mortgage lender and servicer reached the agreement with 49 states, Washington, D.C., and 45 state mortgage regulators, according to state Attorney General Eric T. Schneiderman. PHH has drastically cut its employment in the…

Business

Bankruptcy filings in the Buffalo-Rochester region increased 3.3 percent in 2017, the first full-year increase since 2009. The number of cases filed was 4,296, compared to 4,157 in 2016, according to the U.S. Bankruptcy Court's Western District. But the total was still down from 4,425 in 2015. The case total increased 11.3 percent in December from a year ago, to …

Business

Ryan Sasson came into the Buffalo area with a bold plan: creating at least 1,500 jobs in five years. The CEO of Strategic Financial Solutions is moving toward that goal, with more than 30 people working at its customer contact center on Lawrence Bell Drive in Amherst. The company has an additional 600 employees at its home base in Manhattan. Strategic Financial Solut…

Business

Bank on Buffalo has created a new service, called Bank on Buffalo Investment Advisors, with an industry veteran leading it. David P. Paul joined Bank on Buffalo as senior vice president of wealth and asset management. He previously managed private banking and wealth management businesses for Citibank, HSBC and First Niagara Bank. He also previously worked for the Ha…

Business

NEW YORK CITY — For all the accolades showered on the late Robert G. Wilmers for his business accomplishments and generosity, Christopher Wilmers knew him as someone else: Dad. The younger Wilmers recalled a father who indulged the shifting interests of his childhood, took a practical approach to life, and was devoted to his family. "What a dad he was," Christopher W…

Business

M&T Bank Corp.'s newly named leaders: Rene F. Jones, chairman and CEO Jones followed an M&T management training program to the peak of the organization. Jones, 53, joined M&T in 1992 as part of its Executive Associate program. That program recruits promising leaders with MBAs and some professional experience. He had earned a bachelor's degree in man…

Business

M&T Bank Corp. named René F. Jones as its new chairman and CEO, succeeding Robert G. Wilmers, who died last Saturday. The announcement puts Jones, who was a vice chairman, at the helm of a prominent regional bank headquartered in Buffalo with about 17,000 employees. Wilmers had served as the bank's CEO since 1983, save for an 18-month period in 2005 and 2006. "I'…

Business

Cornerstone Community Federal Credit Union has opened a new branch, at 4255 Witmer Road in the Town of Niagara. Cornerstone decided to build the new location to replace its leased location at 721 Center St. in Lewiston, citing the increasing cost of that lease and its growing membership in the Town of Niagara. Employees transferred to the new office this week. Corner…

Business

Funeral services for Robert G. Wilmers will be held at 1 p.m. Thursday at St. Bartholomew's Church at 325 Park Ave. in midtown Manhattan. A community memorial for Wilmers is planned for Buffalo sometime in January. http://buffalonews.com/2017/12/19/analysts-see-steady-approach-for-mt-in-wilmers-absence/

Business

M&T will likely maintain the steady approach Robert G. Wilmers ingrained in the bank, as the bank faces a future without him. That was the view of some analysts following the death of the bank's longtime chairman and CEO on Saturday. "I don't assume that there's going to be any major change or adjustment in their policies, given the fact the three vice chairmen h…

Business

The death of M&T Bank chairman and CEO Robert G. Wilmers on Saturday leaves a leadership gap at a bank that was already coping with the loss of a prominent executive earlier this year. In February, M&T president and chief operating officer Mark J. Czarnecki died after a battle with cancer. Rather than name a new president to succeed him, the bank divided Czarnec…

Business

Robert G. Wilmers, the longtime chairman and chief executive officer who drove M&T Bank Corp.'s growth from a small local bank into one of the nation's biggest financial institutions, died unexpectedly late Saturday night. Wilmers, 83, died at his home in New York City, said M&T spokesman C. Michael Zabel. His wife of 20 years, Elisabeth Roche Wilmers, was by hi…

Business

The rows of empty cubicles inside Strategic Financial Solutions in Amherst are a sign of what's coming: more employees. A lot more. The Manhattan-based firm is in the midst of a hiring push, as it aims to have at least 1,500 local employees in five years. So far, though, the company has a long way to go. It has more than 30 employees on board and expects to double…

Business

Alden State Bank has more than 100 years of his history on its ledger. Richard D. Koelbl has been there for more than 40 of them. Koelbl joined the bank as a teller in 1973 and rose to president and CEO in 1991. At the end of this year, Koelbl will hand the reins to chief financial officer Steve Woodard — himself a veteran of the Alden-based bank — under a transition an…