M&T Bank

Economics for breakfast

Uncertainty was the word of the day from local business leaders at a panel discussion held Thursday morning.

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 »

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.