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Manufacturers are essential customers for Bank on Buffalo. And those manufacturers say one issue worries them the most. It's not making their next sale, or even securing financing, said Martin Griffith, Bank on Buffalo's president. "What really, really keeps them up staring at the ceiling at night is the lack of skilled labor to supply that demand," he said. To…

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The Bank of Akron is seeking regulators' approval to open a branch at 638 Lake St. in Wilson, in the Woodcock Plaza. The bank plans to move into space that was formerly home to a retail store that sold olive oil, said Richard Johnson, senior vice president and chief risk officer for the Bank of Akron. The Bank of Akron hopes to open the location early in the fourth q…

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More than five years ago, the Village of Wilson lost its only bank branch, when First Niagara Bank closed a location. It's a familiar story in many rural communities, as banks around the country shrink their branch networks. But Wilson believes its fortunes are about to change, with the Bank of Akron planning to open a branch there. "I think it's going to help both o…

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As M&T Bank staffs up for its planned tech hub, it has launched a program to train new recruits in that field. M&T has begun the first class of its "technology development program," similar to other programs at the bank that give select new employees a wide-ranging view of operations. About 50 college graduates are in the inaugural class, which began this week, …

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Now that Ellen E. Grant has returned to City Hall, she is giving up her seat on Bank on Buffalo's board of advisors. Grant was named to the board of advisors in 2018 while she was with the Weiss Institute, an initiative of Say Yes to Education. The board provides leadership and guidance to the bank, which is a division of CNB Financial Corp., based in Clearfield, Pa. It…

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KeyBank has "lost, or is in immediate jeopardy of losing" about $122 million as a result of alleged fraud by an Indiana-based payroll processor, according to a lawsuit filed by the bank against the company. The South Bend Tribune in Indiana first reported that Key filed suit in federal court against an Elkhart, Ind.-based payroll processor, Interlogic Outsourcing, and N…

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M&T Bank will close 13 of its 30 branches in the Philadelphia area in late August and September. The Buffalo-based bank will invest $9.2 million in its 17 remaining branches in the region. M&T says there will be no job losses related to the branch closings. In the Philadelphia metro area, M&T as of June 2018 had just 1 percent deposit market share, rankin…

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KeyBank's branch in Newfane remains temporarily closed while the bank tries to resolve a problem with a persistent odor caused by mold. The branch, at 2700 Main St.,  has been closed since June 14. Key has not set a reopening date, but the branch's drive-up ATM remains in operation. While the branch is temporarily closed, Key is directing customers to its locations i…

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KeyBank liked the job Elizabeth S. Gurney was doing as executive director of the First Niagara Foundation. So much so, the bank gave her the added duties of head of the KeyBank Foundation, whose philanthropy touches the Cleveland-based bank's markets across 15 states. Gurney, a local native, remains based in Buffalo. She took over the KeyBank Foundation's top leaders…

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Peter Eliopoulos, who has helped build M&T Bank marketing relationships like its NFL team sponsorships, is retiring after 12 years as chief marketing officer. Eliopoulos will retire Aug. 2. M&T said it intends to fill the job but has not yet named a successor. M&T president and chief operating officer Richard Gold said Eliopoulos "has built a broad and de…

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KeyBank announced $181,000 in donations to six recipients, in conjunction with the grand opening of its new East Side branch. The amounts and recipients are: $100,000 to the Northland Workforce Training Center. $25,000 to Belmont Housing Resources for its neighborhood improvement program. $25,000 to Independent Health for its "Good for the Neighborhood" event…

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Evans Bank says it would add 20 jobs as part of its plan to relocate its administrative offices to Amherst from Hamburg. The bank outlined its plans in an application for benefits from the Amherst Industrial Development Agency. Evans estimates it will cost $7.65 million to acquire, renovate and equip 6460 Main St. in Amherst, the former home of Buffalo Cardiology & …

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Five Star Bank expects to open more branches in the Buffalo area, as part of its growth plans for the region. "We recognize that in the future, we need to have more branches in the Buffalo market," said Martin K. Birmingham, president and CEO of the bank's Warsaw-based parent company, Financial Institutions. "We're working on our plans to develop that." Birmingham wo…

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When people find out Katie Jenkins works for HSBC Bank USA, they often ask her when the bank is going to open a branch here. Customers mention they still have a credit card or a mortgage with HSBC, said Jenkins, U.S. head of direct banking, retail banking and wealth management. "There is absolutely that desire from our customers for us to have a branch, and we're respon…

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WARSAW – Five Star Bank's parent company has aimed to broaden its sources of income, and the Buffalo area figures heavily into those plans. Financial Institutions, based in Wyoming County, acquired the Scott Danahy Naylon Insurance Agency in Amherst nearly five years ago. And just over three years ago, the bank bought the advisory and wealth management firm Courier Capi…