Uncertainty was the word of the day from local business leaders at a panel discussion held Thursday morning.
M&T Bank
The Herd: New hires & promotions for 4.27.11
New hires in advertising, banking and health care, plus a new board member at SnagAJob.
More dough, but a smaller piece of the pie
An FDIC report shows that many locally based banks saw their local deposit base increase in the past year but watched their share of the total market decrease thanks to Bank of America’s growth.
M&T doubles profit
A recent addition to the Richmond banking scene, Buffalo-based M&T Bank, doubled its first quarter profit from the previous year. The bank said it earned $151 million during the first quarter, up 136 percent from $64 million. Last year the bank acquired Baltimore-based Provident Bank, which had several branches in the Richmond area. According to… Read more »
Henrico day care restructuring under Chapter 11
Two years of declining enrollments have forced a 17-year-old Henrico day care into bankruptcy protection, but the owner has a plan to turn things around.
Monday Q&A: The new bank on the block
It’s no fun to be a banker right now. Businesses are complaining about their loans or credit lines, and the government is getting more and more active in regulation. But an out-of-state bank thinks there is room for another in Richmond. This week, BizSense chats with Hugh Newton, the regional president of M&T Bank.
Eight Richmond branches now M&T Bank
Eight local bank branches previously operated by Maryland-based Provident Bank are under new ownership, and the new owner has a reputation for being SBA-friendly.