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Business

M&T Bank wants to make this year's plaza event series about more than just hosting live performances. The bank is collecting used musical instruments throughout the series to donate to Buffalo Public Schools. M&T's chief marketing officer, Peter Eliopoulos, donated his seventh-grade violin on Monday, the opening day of the summer series. The donations will be…

Business

Buffalo Bills safety Micah Hyde on Wednesday visited the classroom of Harvey Austin School 97 teacher Crystal McQueen, the grand prize winner of the 11th annual M&T Bank Touchdown for Teachers contest. The sixth-grade teacher at the Sycamore Street school won a visit from a Bills player plus a $5,000 grant payable to her school or school district. McQueen was…

Local News

After last year's Pride Parade in Buffalo, a board member at Rich Products Corp. arrived at work on Monday and wondered: Why wasn't Rich's in the parade? This year they were. About 40 employees marched in Buffalo's Pride Parade Sunday, with the company's familiar red logo – on a banner draped across a pickup truck – part of the parade for the first time. "We’re showi…

Business

M&T Bank will kick off the 50th season of its Plaza Event Series on June 10, and will hold a used musical instrument drive to mark the anniversary. The noontime concerts will be held weekdays at One M&T Plaza, the bank's headquarters, through Aug. 23. M&T is collecting used musical instruments that will go to Buffalo Public Schools students who don't have…

Business

M&T Bank is spending $9.9 million to refresh and renovate 59 branches in greater Baltimore, including 19 in low- to moderate-income areas. The renovations are expected to be completed this spring, the Buffalo-based bank said. M&T recently opened a new regional headquarters in Baltimore that is home to more than 600 employees.

Courts

A Rockland County attorney who was convicted of a felony for his role in a mortgage fraud scheme that affected M&T Bank was sentenced to four months in prison, the U.S. Attorney's Office for the Western District of New York announced Thursday. Laurence Savedoff of New City, N.Y., was sentenced by Chief U.S. District Court Judge Frank P. Geraci Jr. following Savedoff…

Business

M&T Bank Corp.'s planned hiring wave of 1,000 new workers over the next five years should cause a ripple effect downtown beyond the bank's walls, in different ways. • More people will be working downtown, as M&T centralizes where its technology employees are based. • It will give a further boost for downtown real estate, wherever M&T decides to open its n…

Business

Glenn Jackson was set to attend the University at Buffalo on a full football scholarship. But the Depew native always dreamed of going to an Ivy League school. When Jackson learned he had been accepted into Harvard University, he chose to go there instead, eventually focusing his studies on economics. When Jackson finished school in 1999, he was intrigued by a job op…

Business

M&T Bank Corp. generated a lot of interest with its request for proposals about where to concentrate its technology and support workers. "I think we were presented with more ideas than even we anticipated we might get," said Darren King, M&T's chief financial officer. "Folks around town were very creative in many of the responses. So it was really great to see h…

Business

M&T Bank is scheduled to hold its annual meeting on Tuesday, its second with chairman and CEO René Jones at the helm. The bank will conduct the shareholders meeting as usual at its One M&T Plaza headquarters, but on the first floor, instead of on the floor the bank uses for its cafeteria, as in years past. The first floor "banking hall" of the signature downtown…

Buffalo

A group of 10 banks and local philanthropic foundations – including M&T Bank Corp. and the Ralph C. Wilson Jr. Foundation – are pledging more than $8 million to support nonprofit organizations working on Buffalo's East Side, building off the state's recent commitment of $50 million to benefit the same impoverished areas. The partnership is creating a pooled investme…

Business

Isaiah Young has dreamed of creating video games since he was 5 years old. Now 12, Isaiah, was in his element as a member of the "coders club" at his school, learning the basics of computer programming. "(My mother) wants me to become a scientist, so I want to do that for her and myself at the same time," the seventh grader said. Isaiah and 11 of his fellow students …

Business

The soaring "banking hall" on the ground floor of M&T's downtown corporate headquarters is undergoing renovations. The 35-foot-high room welcomes employees and visitors to the 21-story building, which was designed by architect Minoru Yamasaki and completed in 1966. The space includes M&T's flagship branch, as well as offices used by mortgage loan officers and co…

Business

When talk of bank mergers surfaces, M&T Bank Corp.'s name understandably comes up. Over a nearly 30-year period, Buffalo-based M&T made 23 deals to buy other banks or collections of branches, fueling its rise to a top-20 U.S. commercial bank. It's been seven years since M&T made its last big deal. Now a massive bank merger is brewing, between BB&T …

Buffalo

Kaleida Health and M&T Bank Corp. are teaming up to fund construction by Habitat for Humanity Buffalo of a new energy-efficient home on the East Side. In addition to paying the full cost, the two Buffalo-based companies are providing employee volunteers and management for the project at 39 Winslow Ave. The four-bedroom home will have one and a half bathrooms, Energy…