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 and lives in Buffalo.


Business

An upcoming coding "hackathon" will offer a total prize package of $14,500. Code:Buffalo is scheduled for June 14 to 16. The event is free and open to the public, but registration is required. Professionals and students who have at least basic coding skills are invited to attend. The first-place prize is $10,000. The second-place entrant will receive $3,000, and thir…

Business

S&T Bank has opened its first loan production office in the region, in the Brisbane Building, at 403 Main St. in Buffalo. The new office bolsters the Indiana, Pa.-based bank's local presence. S&T has served the Buffalo area from a Rochester loan production office that opened four years ago. S&T Bank has not committed to opening any branches in the Buffalo…

Business

Rand Capital Corp. shareholders approved selling a majority stake in the Buffalo venture capital firm to Terry and Kim Pegula. As a result, the Pegulas will own a 57% stake in Rand through their East Asset Management business. The deal is expected to close in the second half of the year. "We are pleased that shareholders confirmed their support for management to adva…

Business

Techstars will share its "roadmap" for helping to grow Buffalo's startup ecosystem at an event from 5 p.m. to 7 p.m. on May 30 at Hotel Henry, at 444 Forest Ave. in Buffalo. Techstars earlier this year announced a local partnership with 43North, and named Jack Greco as its executive director for Buffalo. The organization said it has interviewed more than 60 stakeholders…

Bowling

March 21, 1944- May 17, 2019 John L. Fonagy Jr. was a bowling prodigy, meriting a mention in Sports Illustrated. In 1964, the sports magazine wrote that the 20-year-old had rolled a 759 three-game series (out of a possible 900) to win a singles title in the New York State Bowling Association tournament in Elmira, and that he went on to win the all-events championship…

Business

Northwest Bank thinks it can get more out of its mortgage business in the Buffalo region, and is staffing up to do so. The bank will hire as many as 10 mortgage loan originators in the region, for a team led by a former Five Star Bank official, Rocco Diina. "When I first came to the bank, we were doing well in the mortgage business," said Ronald Seiffert, the preside…

Business

Presbyterian Senior Care of Western New York will become part of Beechwood Continuing Care, under an agreement between the two nonprofits. With regulators' approval, Beechwood will assume Presbyterian Senior Care of Western New York's assets and liabilities, including Ken-Ton Presbyterian Village; Presbyterian Village at North Church in Amherst; Lockport Presbyterian Ho…

Business

Bank of America Private Bank has opened a Buffalo office, as part of its newly created standalone market in upstate New York. Shaun Stimpson was named market executive to head its upstate New York market, which also includes offices in Rochester and Albany. Stimpson previously worked for the private bank in Hartford, Conn., and Boston, Mass. Bank of America's regiona…

Local News

A former Ottawa Senators assistant general manager is facing a lawsuit over allegations that he sexually harassed a hotel shuttle bus driver when he visited Buffalo in May 2018. Randy Lee is named as a defendant in the lawsuit, which was filed in State Supreme Court by the driver of the shuttle. Lee pleaded guilty to harassment in Buffalo City Court in December. He w…

Deaths

Dec. 27, 1925 – May 17, 2019 Dr. Roger J. Goergen, a retired dentist who helped write the ethics code for the Town of Amherst, died Friday in Hospice Buffalo, Cheektowaga, after a short illness. He was 93. Born in Buffalo, he was a graduate of Canisius High School and earned a bachelor's degree from Canisius College. He graduated from the University of Buffalo School…

Business

George Mateyo, Key Private Bank's chief investment officer, was visiting Buffalo and chatting with someone whose business installs fiber optic cable. The installation business was brisk, he was told. "The fact that there is demand for that – new construction, new buildings – says to me that things are probably pretty good," Mateyo said. It was just an anecdote, but M…

Bills

The debate over whether Rand Capital Corp. should sell a majority stake to Terry and Kim Pegula came to a head on Thursday. But it will take a few days to find out how the shareholders voted. The Buffalo venture capital firm held a special shareholders meeting at the Buffalo Club about whether to sell a 57% stake in Rand to the Pegulas through their East Asset Manage…

Business

Bank on Buffalo has raked in $302 million in deposits from about 4,500 new accounts, since the bank began offering a 2.02% interest rate on savings accounts in February 2018. It's been just about a year since the division of Pennsylvania-based CNB Financial ramped up its promotion of the rate – which is still among the highest in the country – on area billboards. The ba…

Business

M&T Bank has extended its reach to Florida, opening a commercial banking office in North Palm Beach. The Buffalo-based bank named Richard Gieseler as its Florida region president. He has been with M&T for 12 years, most recently helping develop and implement the bank's new commercial lending platform. Other employees that will work with Gieseler will include …

Altra Industrial Motion Corp. is following through on plans to close its Amherst facility, eliminating 79 jobs. The former Thompson Linear Motion facility on Hazelwood Drive will make its first job cuts in August, and the plant is scheduled to close in mid-October, according to a filing with the state Department of Labor. Boston-based Altra had signaled in February t…