M&T Bank

M&T Bank Promotes Mark Hutton to Delaware Regional President

Retrieved on: 
Thursday, August 3, 2023
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WILMINGTON, Del., Aug. 3, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) has named Mark Hutton as Delaware Regional President -- assuming the role following the July 7 retirement of the bank's former top executive in the state, Nick Lambrow.

Key Points: 
  • WILMINGTON, Del., Aug. 3, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) has named Mark Hutton as Delaware Regional President -- assuming the role following the July 7 retirement of the bank's former top executive in the state, Nick Lambrow.
  • Hutton, who joined the bank in 2008, has served as M&T's executive vice president for commercial banking in Delaware since March 2022.
  • As a leader in Delaware's business community, Hutton co-founded the Delaware State Chamber of Commerce's Intern Delaware program and serves on the chamber's board of directors.
  • Before joining M&T, Hutton, a 26-year banking industry veteran, worked for PNC Bank and Mercantile County Bank.

M&T Bank to Empower Local Small Businesses with 2nd Bridgeport Multicultural Small Business Lab

Retrieved on: 
Tuesday, July 25, 2023
Small business, Partnership, University, University of Bridgeport, M&T Bank, Education, Greater, Multiculturalism, Commercial bank, Entrepreneurship, Knowledge, Growth, Shark Tank, Bridgeport School District, Clothing, Management, Creative industries, Pharmaceutical industry, Tourism, Innovation

BRIDGEPORT, Conn., July 25, 2023 /PRNewswire/ -- M&T Bank, in partnership with the University of Bridgeport, is proud to announce the continuation of its groundbreaking initiative designed to foster growth and success among multicultural small businesses in the Bridgeport area. Starting today, small business owners and entrepreneurs can apply to participate in M&T's 2nd Bridgeport Multicultural Small Business Lab. 

Key Points: 
  • Starting today, small business owners and entrepreneurs can apply to participate in M&T's 2nd Bridgeport Multicultural Small Business Lab.
  • "We are thrilled to partner with the University of Bridgeport once again to support and uplift the small businesses in the greater Bridgeport area," said Frank Micalizzi, M&T's Bridgeport Regional President and Head of Commercial Banking.
  • "This return of the Multicultural Small Business Lab to Bridgeport reflects our commitment to the growth of local businesses and a more successful and resilient local economy," said David Femi, head of Multicultural Banking & Diverse Market Strategy at M&T Bank and Business Banking Regional Manager.
  • Creating opportunities for multicultural small businesses promotes economic inclusivity and creates a brighter future for Bridgeport and its residents."

Buffalo Food Pantry Reclaims Neighborhood After Shooting Massacre in Community Concert

Retrieved on: 
Friday, July 21, 2023
Stellar, Room, Cricket Wireless, Texas Department of Housing and Community Affairs, Highmark, Music, Partnership, Food, GRAMMY, M&T Bank, Canisius College, COGIC, Canisius, Best, Organization, BET, Florida Street, City, Community, The Best Is Yet to Come, Jefferson Avenue, Tops Friendly Markets, Rest, Tourism, Hunting, Grocery store, Buffalo, WNY

BUFFALO, N.Y., July 21, 2023 /PRNewswire-PRWeb/ -- A Buffalo food pantry hosted hundreds of community members at an outdoor gathering only blocks away from the site of a tragic shooting massacre by a white supremacist that killed ten supermarket shoppers in a historic black neighborhood last May.

Key Points: 
  • "It was a terrible thing that happened to our community on May 14, 2022," stated City of Buffalo Mayor Byron W. Brown.
  • I want to thank the Upper Room Church of God in Christ Food Pantry for hosting the second annual Buffalo Still Standing outdoor community concert.
  • "Canisius is proud to partner with the Upper Room Church of God in Christ Food Pantry to present the Buffalo Still Standing concert," said Canisius College President Steve Stoute.
  • After weeks of collective anguish, the food pantry staff members created Buffalo Still Standing to encourage their community.

MarineMax Expands Financial Flexibility For Continued Growth

Retrieved on: 
Thursday, July 13, 2023
Powerboating, Sports, Luxury, Retail, Specialty, HZO, NYSE, Growth, Primary Dealer Credit Facility, M&T Bank

MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht, and superyacht services company, today announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for the future.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht, and superyacht services company, today announced the expansion of its floor plan facility from $750 million to $950 million, further increasing the Company’s liquidity and financial flexibility for the future.
  • “The expansion of our floor plan facility, as provided by the accordion feature of our credit facilities, underscores the success of our growth strategy and the strength of our balance sheet,” said Michael H. McLamb, Executive Vice President, Chief Financial Officer and Secretary of MarineMax.
  • “This increase is consistent with our historical practice of augmenting floor plan capacity as needed for growth.
  • Other than the increased capacity of the floor plan facility, all other terms of the Company’s senior secured credit facilities (the “Credit Facilities”) remain unchanged, including the maturity date of August 2027.

Anaptyss Appoints Banking Industry Experts Edward P. Schreiber and Allison Sagraves as Advisory Board Members

Retrieved on: 
Wednesday, July 5, 2023
David Eccles School of Business, OCC, Heart, University, M&T Bank, Agility, TD, Zions Bancorporation, NA, Risk management, Toronto-Dominion Bank, University of Utah, Carnegie Mellon University, Harvard Business School, Pleasure, Faculty, Entrepreneurship, Woman, Carnegie Mellon University, Australia, Management

ALPHARETTA, Ga., July 5, 2023 /PRNewswire/ -- Anaptyss – a digital solutions specialist in the banking and financial services industry – appointed industry veterans Edward P. Schreiber and Allison Sagraves to its advisory board.

Key Points: 
  • ALPHARETTA, Ga., July 5, 2023 /PRNewswire/ -- Anaptyss – a digital solutions specialist in the banking and financial services industry – appointed industry veterans Edward P. Schreiber and Allison Sagraves to its advisory board.
  • Edward sits on the board of a $2.0 billion bank in Dallas and is an adjunct Professor at the David Eccles School of Business, University of Utah.
  • Allison is a globally acclaimed industry advisor, innovator, speaker, and educator in data and analytics.
  • "We are honored to have Edward and Allison on our advisory board and wholeheartedly welcome them as distinguished industry leaders.

M&T Bank Announces Winners of Capital Region Multicultural Small Business Lab Pitch Competition

Retrieved on: 
Wednesday, June 28, 2023
Capital region, Small business, Partnership, M&T Bank, Education, Wellness, Face, Marketing, Health, Innovation, Harrisburg University of Science and Technology, Economic development, Green, Francisco Osorto, Knowledge, Growth, Ecosystem, CIE, Retail, Drug, Video game, Creative industries, Harrisburg–Carlisle metropolitan statistical area

HARRISBURG, Pa., June 28, 2023 /PRNewswire/ -- Josue Osorto, founder of Bespoke Vending, won the $6,000 grand prize of the pitch competition held June 21 to culminate the second annual Capital Region Multicultural Small Business Lab, sponsored by M&T Bank.

Key Points: 
  • The Capital Region Multicultural Small Business Lab focused on business planning, establishing credit, accessing capital, marketing, branding and networking.
  • The first Capital Region Multicultural Small Business Lab launched in 2022, providing 40 minority small-business owners with free access to resources and education to grow their business.
  • Last year's Capital Region Multicultural Small Business Lab received the 2022 Catalyst Award from the Harrisburg Regional Chamber and Capital Region Economic Development Corporation for its impact on businesses in the area.
  • "I'm proud to work for an organization that is committed to fostering the development of that ecosystem through programs like the Capital Region Multicultural Small Business Lab."

Toro Corp. Announces the Sale of the M/T Wonder Musica for $28.0 Million With an Expected Net Gain of $17.0 Million and the Completion of the Sales of M/T Wonder Bellatrix and M/T Wonder Polaris

Retrieved on: 
Tuesday, June 27, 2023
Documentation, M&T Bank, Sale, Textile

The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of transaction.

Key Points: 
  • The conclusion of the sale agreement is subject to the execution of definitive documentation customary for this type of transaction.
  • The vessel is expected to be delivered to its new owner during the third quarter of 2023.
  • The Company expects to record during the third quarter of 2023 a net gain on the sale of the M/T Wonder Musica of approximately $17.0 million, excluding any transaction-related costs.
  • The Company expects to record during the second quarter of 2023 (i) a net gain on the sale of the M/T Wonder Bellatrix of approximately $20.5 million, excluding any transaction-related costs, and (ii) a net gain on the sale of the M/T Wonder Polaris of approximately $22.4 million, excluding any transaction-related costs.

Greystone Arranges $425 Million Construction Loan for Long Island City’s Tallest Residential Tower

Retrieved on: 
Wednesday, June 21, 2023
Yoga, Israel Discount Bank, Heart, BBQ, Bank Hapoalim, Housing, M&T Bank, Orchard, Bank of China, Discounting, City National Bank, AMI, Project, Bank, Hotel, U.S. Bancorp

Upon completion, the property will be the tallest residential tower in Long Island City, featuring 824 residential apartments, 207 parking spaces, over 100,000 square feet of world-class amenities and 13,000 square feet of above-grade retail space.

Key Points: 
  • Upon completion, the property will be the tallest residential tower in Long Island City, featuring 824 residential apartments, 207 parking spaces, over 100,000 square feet of world-class amenities and 13,000 square feet of above-grade retail space.
  • Greystone Capital Advisors’ Drew Fletcher, Paul Fried and Bryan Grover served as exclusive advisors in arranging the financing on behalf of BLDG.
  • “BLDG is thrilled to grow its long-standing relationship with Greystone through this market-leading transaction,” said Lloyd Goldman, Founder and President of BLDG.
  • We are also incredibly thankful to our trusted lending partners for their support and confidence despite the exceptionally challenging credit environment.”

Genesys Xperience 2023: Unlocking Customer and Employee Loyalty with AI-Powered Experience Orchestration

Retrieved on: 
Tuesday, June 20, 2023
Cloud, Workforce, Amazon Web Services, M&T Bank, Digital, Carbon footprint, API, FMS, CX, Woman, Research, Carbon, Organization, Amazon, Trust, Automation, Anthropization, Virgin Group, Virgin Atlantic, Artificial intelligence, ESG, AI, Empathy, AWS, Frost, Geography, Video game, Management, Titan, Genesys, Xperience

Through the power of Genesys AI infused across the Genesys Cloud CX ™ platform, businesses can reimagine how they engage with customers and change the way people work.

Key Points: 
  • Through the power of Genesys AI infused across the Genesys Cloud CX ™ platform, businesses can reimagine how they engage with customers and change the way people work.
  • Through the deepened Genesys and AWS relationship, organizations gain greater potential to innovate across use cases and industries, helping them continuously evolve and strengthen their customer and employee experiences.
  • Join the thousands of organizations — from small businesses to large enterprises — delivering differentiated customer and employee experiences and driving business performance using Genesys Cloud CX.
  • During the event, Genesys is spotlighting several leading Genesys Cloud CX customers, including Virgin Atlantic, M&T Bank and Lighthouse Works .

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

Retrieved on: 
Wednesday, June 14, 2023
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BUFFALO, N.Y., June 14, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its second quarter 2023 earnings results in a press release that will be issued before the market opens on Wednesday, July 19, 2023.

Key Points: 
  • BUFFALO, N.Y., June 14, 2023 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its second quarter 2023 earnings results in a press release that will be issued before the market opens on Wednesday, July 19, 2023.
  • Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results.
  • Callers should reference M&T Bank Corporation or the conference ID # MTBQ223.
  • The webcast archive of the conference call will be available by 3:00 p.m., July 19, 2023 on M&T's website at https://ir.mtb.com/events-presentations .