M&T Bank

Financial Institutions, Inc. Announces Controller Retirement and Internal Appointment

Retrieved on: 
Wednesday, September 20, 2023
HSBC Bank, First Niagara Bank, Senior, Controller, Five Star Bank, State university system, Hardinge, University at Buffalo, Buffalo, Financial institution, Five Star, Accounting, Treasury, Corporation, Comptroller, Growth, Bank, M&T Bank, Management, Science, Finance

Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.

Key Points: 
  • Over the succeeding six months the responsibilities of the Controller function will be transitioned to Sandra L. Byers, who has been promoted to Deputy Controller effective October 2, 2023.
  • Ms. Dumbleton has served as Controller of the Company and Bank since 2006.
  • She previously served as Corporate Secretary of the Company and Bank from 2013 to 2018.
  • She held various positions in finance, accounting and internal audit at Five Star and its predecessor banks from 1984 to 2005.

Toro Corp. Announces the Sale of the M/T Wonder Formosa and the M/T Wonder Vega for an Aggregate $49.5 Million and Aggregate Expected Net Gain of $26.7 Million

Retrieved on: 
Wednesday, September 20, 2023
Aframax, M&T Bank, Sale, Rare-earth element, Textile, Cryptocurrency

LIMASSOL, Cyprus, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate agreements with two different unaffiliated third-parties for the sale of the (i) M/T Wonder Formosa, a 2006-built Handysize MR tanker, at a price of $18.0 million, and (ii) M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million.

Key Points: 
  • LIMASSOL, Cyprus, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), an international energy transportation services company, announces that on September 1, 2023 and September 5, 2023 respectively, the Company entered into two separate agreements with two different unaffiliated third-parties for the sale of the (i) M/T Wonder Formosa, a 2006-built Handysize MR tanker, at a price of $18.0 million, and (ii) M/T Wonder Vega, a 2005-built Aframax tanker, at a price of $31.5 million.
  • Both vessels are expected to be delivered to their new owners during the fourth quarter of 2023.
  • The Company expects to record during the fourth quarter of 2023 (i) a net gain on the sale of the M/T Wonder Formosa of approximately $9.0 million, excluding any transaction-related costs and (ii) a net gain on the sale of the M/T Wonder Vega of approximately $17.7 million, excluding any transaction-related costs.

Transcat, Inc. Prices $70 Million Public Offering of Common Stock

Retrieved on: 
Thursday, September 21, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, General Health, Semiconductor, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Broad Street, Telephone, SEC filing, Sale, M&T Bank, Oppenheimer Holdings, Security (finance), Roth Capital Partners, Calibration

Transcat expects the net proceeds from this offering to be approximately $65.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Key Points: 
  • Transcat expects the net proceeds from this offering to be approximately $65.2 million, after deducting underwriting discounts and commissions and estimated offering expenses.
  • Transcat has granted the underwriters a 30-day option to purchase up to 110,526 additional shares of its common stock.
  • Transcat expects the offering to close on or about September 25, 2023, subject to the satisfaction of customary closing conditions.
  • The shares of common stock described above are being offered by the Company pursuant to a shelf registration statement (File No.

Transcat, Inc. Announces Proposed Public Offering of Common Stock

Retrieved on: 
Wednesday, September 20, 2023
Consumer Electronics, Aerospace, Technology, Manufacturing, Health, General Health, Semiconductor, Engineering, Hardware, Electronic Design Automation, Chemicals, Plastics, Broad Street, Telephone, Enterprise file synchronization and sharing, Sale, M&T Bank, Oppenheimer Holdings, Security (finance), Calibration

All of the shares of common stock are being offered by Transcat.

Key Points: 
  • All of the shares of common stock are being offered by Transcat.
  • Transcat also expects to grant the underwriters a 30-day option to purchase additional shares of common stock offered in the public offering.
  • The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • The shares of common stock described above are being offered by the Company pursuant to a shelf registration statement (File No.

M&T Bank Corporation Announces Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Friday, September 22, 2023
Webcast, MTB, NYSE, ID, M&T Bank, Online shopping

BUFFALO, N.Y., Sept. 22, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its third quarter 2023 earnings results in a press release that will be issued before the market opens on Wednesday, October 18, 2023.

Key Points: 
  • BUFFALO, N.Y., Sept. 22, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its third quarter 2023 earnings results in a press release that will be issued before the market opens on Wednesday, October 18, 2023.
  • Following the release, M&T will conduct a conference call and webcast at 10:00 a.m. (ET) to discuss the earnings results.
  • Callers should reference M&T Bank Corporation or the conference ID # MTBQ323.
  • The webcast archive of the conference call will be available by 3:00 p.m., October 18, 2023, on M&T's website at https://ir.mtb.com/events-presentations .

New Microloan Program is Driving Economic Empowerment for Small Businesses in Brooklyn, Harlem, and Across New York City

Retrieved on: 
Friday, September 22, 2023
Small business, MDI, M&T Bank, Marketing, Rum cake, Fruit, Suite, Webster Bank, CDFI, Carver Bank, Charter Communications, Community development financial institution, UBS, Community development, Carver Federal Savings Bank, Commerce, Bank

Small businesses operating in Carver's community continue to be impacted by persistent economic headwinds.

Key Points: 
  • Small businesses operating in Carver's community continue to be impacted by persistent economic headwinds.
  • "We are pleased to recognize and partner with Carver Bank as it celebrates its 75 years of outstanding service to New York City small businesses."
  • "Our microloan program is an opportunity for us to help small businesses recover from the pandemic and economic downturns and build a thriving future.
  • For more details on the Carver microloan program, please click here or email Lloyd Doaman, Executive Director, Carver Community Development Corporation, at [email protected] .

Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

Retrieved on: 
Tuesday, September 19, 2023
Banking, Professional Services, Finance, KeyBank, Psychology, General counsel, WBS, Society, American Bankers Association, State university system, Corporate governance, Tennessee Student Assistance Corporation, Webster Bank, Buffalo, MBA, Multimedia, Buffalo buffalo Buffalo buffalo buffalo buffalo Buffalo buffalo, Corporation, HSA Bank, Growth, United Bank, Woman, First Niagara Bank, NYSE, Chair, M&T Bank, Management

and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank.

Key Points: 
  • and its HSA Bank division, announced today that Kristy Berner has been appointed Executive Vice President, General Counsel and Corporate Secretary of Webster Financial Corporation and Webster Bank.
  • View the full release here: https://www.businesswire.com/news/home/20230919111813/en/
    Kristy Berner, Executive Vice President, General Counsel and Corporate Secretary, Webster Bank and Webster Financial Corporation (Photo: Business Wire)
    Berner has more than twenty years’ experience in the financial services industry, most recently serving as Executive Vice President, Deputy General Counsel and Assistant Corporate Secretary at M&T Bank Corporation.
  • Prior to joining M&T, she was the General Counsel and Corporate Secretary at both People’s United Bank and First Niagara Bank, as well as the Deputy General Counsel at KeyBank.
  • “Kristy is an experienced professional in financial services,” said John Ciulla, President and CEO of Webster Financial Corporation and CEO of Webster Bank.

Cenlar’s Tarantino to Speak at DIGITAL MORTGAGE, National Mortgage News Conference

Retrieved on: 
Monday, September 18, 2023
Other Professional Services, Legal, Human Resources, Finance, Consulting, Banking, Professional Services, Fintech, Housing, M&T Bank, Woman, Multimedia, Quality, GSE, AI, National Mortgage News, SVP, Government National Mortgage Association, DIGITAL, Real estate, Management, Online shopping

Cenlar FSB Senior Vice President and Chief Control and Quality Officer Lynn Tarantino will participate in the “The Future of Housing & The Women Building It” panel at DIGITAL MORTGAGE, National Mortgage News’ conference to be held September 26–28, 2023 in Las Vegas.

Key Points: 
  • Cenlar FSB Senior Vice President and Chief Control and Quality Officer Lynn Tarantino will participate in the “The Future of Housing & The Women Building It” panel at DIGITAL MORTGAGE, National Mortgage News’ conference to be held September 26–28, 2023 in Las Vegas.
  • This press release features multimedia.
  • “As leaders of regulators, GSEs, lenders, and servicers, the women on this panel are helping to create the future of America’s housing economy,” according to National Mortgage News.
  • For more information about the DIGITAL MORTGAGE, visit https://conference.nationalmortgagenews.com .

M&T Bank Partners with The Community Grocer to Address Food Access and Insecurity In Philadelphia

Retrieved on: 
Wednesday, September 20, 2023
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PHILADELPHIA, Sept. 20, 2023 /PRNewswire/ -- M&T Bank (NYSE: MTB) is helping one nonprofit organization reinvent the community corner store concept and promote food access in neighborhoods across West and Southwest Philadelphia.

Key Points: 
  • TCG's program has been vetted and approved by Harvard Law School's Food Law and Policy Clinic as compliant with SNAP regulations.
  • Throughout the Philadelphia region, more than 200,000 people are considered food-insecure , with inconsistent access to affordable, healthy food.
  • Philadelphia follows national trends with children and people of color experiencing food insecurity at a higher rate than others.
  • Financing for the refurbishment of TCG's Philadelphia location was provided by Community First Fund (CFF), a Philadelphia-based nonprofit partner of M&T Bank.

M&T Bank Appoints Phil Cohen as Maine Regional President

Retrieved on: 
Thursday, September 14, 2023
Workforce, M&T Bank, People's United Financial, Seacoast Region (New Hampshire), Quality of life, South Hampshire, Commercial property, Metro Orlando Economic Development Commission, Community Housing Partnership, Chairperson, Retirement, MTB, Acquisition, Housing, Community banking models, Community Bank, Knowledge, Region, Empathy, M&T, United Bank, NYSE, EDC, Bank, Management

BUFFALO, N.Y., Sept. 14, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced its appointment of Phil Cohen as Regional President of Maine.

Key Points: 
  • BUFFALO, N.Y., Sept. 14, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced its appointment of Phil Cohen as Regional President of Maine.
  • Cohen will continue to serve in his role as Commercial Senior Group Manager Commercial Real Estate New Hampshire/Maine.
  • "Phil's combination of deep banking experience and knowledge of Maine continues to be an asset to M&T, our partners, and our customers," said Mike Keegan, M&T Bank Senior Executive Vice President and Head of Community Banking.
  • "It's an amazing opportunity to serve as regional president," said Cohen.