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M&T Bank's late chairman and CEO, Robert G. Wilmers, would have been 84 years old on Friday. To honor his commitment to the community, 84 M&T employees will tackle a spring cleaning project Friday afternoon, in the Buffalo Promise Neighborhood on the East Side. M&T said the volunteer activities will include landscaping, light construction, moving furnitur…

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M&T Bank has a huge presence inside the Larkin Center of Commerce on Seneca Street. Now, everyone will know it. The bank on Wednesday began installing a 12-foot high, 67-foot wide illuminated sign atop the building. The company performing the work, Rochester-based Premier Sign Systems, expects to finish the job on Saturday, assuming the weather cooperates. M&…

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At M&T Bank's annual shareholders meeting, a hush falls over the room when the chairman and CEO approaches to the lectern to start the proceedings. On Tuesday, for the first time in decades, that person was someone other than Robert G. Wilmers, who died last December. It was Rene F. Jones' turn to step to the microphone inside M&T's headquarters and weigh in on …

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Buffalo's largest bank said Monday that its first-quarter profits rose 1 percent because of higher revenues and the sharp drop in the federal tax rate, even after setting aside an additional $135 million to cover expenses for a pre-existing lawsuit. M&T Bank Corp. reported profits of $353 million, or $2.23 per share, up from $349 million or $2.12 per share in the sa…

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Fifty veterans of World War II, the Korean War and Vietnam War and their families will travel to Washington, D.C., from Buffalo on Saturday morning, on a Buffalo Niagara Honor Flight hosted by M&T Bank and the Buffalo Bills Foundation. The group will include 10 volunteers from M&T and the Bills. Among those scheduled to attend are Bills player Ryan Groy, M&T…

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Medium-sized businesses feel upbeat about the national economy, and are ready to act through more investment and wage hikes, according to a new M&T survey. "I think the enthusiasm in the post-tax cut package has shone through very much," said Gary Keith, regional economist with M&T. "It's not just large publicly traded companies, it's the business community in g…

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Each year, M&T Bank chariman and CEO Robert G. Wilmers' letter to shareholders was an anticipated message, not just by its 17,000 employees or those who owned the bank's stock. Far from simply rehashing the past year's results, Wilmers used the letter as a platform, weighing in on everything from the performance of local government and public education, to the burde…

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M&T Bank chairman and CEO Rene F. Jones' salary was increased by 21 percent this year to $900,000, according to a regulatory filing by the Buffalo-based bank. Jones had a base salary of $745,000 last year as an M&T vice chairman. He was named chairman and CEO following the Dec. 16 death of Robert G. Wilmers, who had held those roles. Details of M&T executive…

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M&T Bank and the Buffalo Bills are seeking nominees for the annual "Touchdown for Teachers" program. Five finalists will be chosen, based on their involvement in the school and community, degree of positive impact and their demonstrated commitment to education. The grand prize winner will receive $2,000 in grant funds, payable to the teacher's school or district,…

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M&T Bank racked up 10 excellence awards for customer satisfaction in Greenwich Associates' annual survey of banks. M&T won recognition in both national and regional categories for small business and middle market banking. Greenwich calculated its results based on 30,000 interviews with businesses. More than 600 banks were evaluated; 43 of them received awards…

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Is competition actually growing in Buffalo banking? It depends on your measuring stick. One statistic – deposit market share – screams “no.” Just two banks, M&T Bank and KeyBank, controlled a combined 79 percent last year. Compare that to our Thruway neighbor Rochester, where that same percentage was spread among the top six banks. But consider this: In 2017, …

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Banks serving the Buffalo Niagara region are gearing up for another year of competition, and many of them appointed new leaders in the past year. Here is a look at some of them. M&T Bank Shelley C. Drake, Western New York region president With about 47 years of experience with M&T Bank, it's hard to top Drake for longevity at the bank. Even the late chairm…

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Buffalo bade farewell to the late Robert G. Wilmers on Monday, in a tribute filled with memories – but also calls to carry on his influential work in the community. About 1,400 people attended a late afternoon celebration of Wilmers' life held in Kleinhans Music Hall. The M&T Bank chairman and chief executive officer died at age 83 in December, and a funeral serv…

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Many M&T Bank employees will see more money in their paychecks, a boost the bank attributes to the federal tax overhaul. M&T is joining companies including Walmart and Apple in raising wages or handing out bonuses to employees, citing the tax legislation as the driving force. But to some observers, a tight labor market is the real motivator for employers' genero…

Business

Small to mid-sized business owners generally feel good about where the economy is headed, but are still reluctant to invest more in their operations, according to an M&T Bank survey. Fifty percent of the respondents to the survey said they expected the economy to improve in the next six months, and 55 percent expected the recent tax overhaul to have a positive i…