People's United Financial

M&T CHARITABLE FOUNDATION ANNOUNCES $8.2 MILLION IN GRANTS TO 68 NONPROFITS ACROSS NEW ENGLAND, LONG ISLAND, AND ROCKLAND COUNTY, NY

Retrieved on: 
Tuesday, February 13, 2024

BUFFALO, N.Y., Feb. 13, 2024 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), today announced $8.2 million in donations to 68 nonprofit organizations across New England and Long Island and Rockland County New York. The announcement is the second round of giving as part of the company's Amplify Fund grant, a commitment by M&T Bank to work with groups dedicated to addressing social issues through a racial equity and social justice lens in low- and moderate- income communities and underrepresented populations.

Key Points: 
  • First announced in May 2022 , the Amplify Fund is a $25 million philanthropic investment as part of the merger between People's United Bank and M&T Bank.
  • Powered by the M&T Charitable Foundation, the Amplify Fund is a one-time supplemental charitable giving program to provide further support in the legacy People's United communities.
  • Health Equity: Access to quality and affordable healthcare, with a priority on youth mental health and women and infant health.
  • "We are so honored to receive this transformational support from the M&T Charitable Foundation.

M&T Ranks No. 6 Among SBA Lenders Following Record-Breaking Year

Retrieved on: 
Thursday, October 12, 2023

BUFFALO, N.Y., Oct. 12, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) approved more U.S. Small Business Administration (SBA) loans in the past year than ever before and finished the SBA's 2023 fiscal year as the sixth-largest lender in the country. This marked the 15th consecutive year M&T has ranked among the nation's top 10 SBA lenders.

Key Points: 
  • This marked the 15th consecutive year M&T has ranked among the nation's top 10 SBA lenders.
  • That represents a 26.5% increase in SBA loans the bank approved in 2022 and a nearly $21 million increase over last year.
  • This year's loan volume also eclipsed the previous high mark of 1,739 SBA loans M&T approved in 2016.
  • 1 SBA lender in Connecticut – an important milestone for the bank following its 2022 acquisition of Bridgeport, Conn.-based People's United Bank.

M&T Bank Appoints Phil Cohen as Maine Regional President

Retrieved on: 
Thursday, September 14, 2023

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.

M&T CHARITABLE FOUNDATION ANNOUNCES CALL FOR PROPOSALS FOR AMPLIFY FUND PHASE II

Retrieved on: 
Wednesday, August 23, 2023

BUFFALO, N.Y., Aug. 23, 2023 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), today launched the second phase of its Amplify Fund which provides support to nonprofit initiatives in legacy People's United communities that benefit low- and moderate-income communities and underrepresented populations. This new request for proposals (RFP) seeks nonprofit collaboratives focused on advancing equity using a racial equity and social justice lens in Connecticut, Massachusetts, Vermont, New Hampshire, southern Maine, Long Island, and New York's Westchester County.

Key Points: 
  • Amplify Fund's Phase II grants will provide funding for up to three years to nonprofit collaboratives working together toward a common goal of solving a specific social problem.
  • "The Amplify Fund provides targeted investments that are equitable, accessible, and responsive to local needs," said Dominique Goss, Executive Director of the M&T Charitable Foundation.
  • All RFPs under Phase II of the Amplify Fund are due by 5:00 p.m. on Friday, October 6, 2023, and can be submitted via https://mtb.versaic.com with the passcode AF-AEC.
  • For more information on the Amplify Fund, please visit the Amplify Fund website .

M&T CHARITABLE FOUNDATION ANNOUNCES $11.8M IN PHASE - ONE AMPLIFY FUND GRANTS COMMITTED TO 105 NEW ENGLAND AND METRO NEW YORK NON-PROFITS

Retrieved on: 
Tuesday, May 2, 2023

BUFFALO, N.Y. , May 2, 2023 /PRNewswire/ -- The M&T Charitable Foundation, the philanthropic arm of M&T Bank (NYSE: MTB), today announced Amplify Fund grant recipients in New England and Metro New York, totaling over $11.8M to 105 non-profit organizations across the former People's United footprint, with some payments committed over a two- or three-year period. Funding was focused on equity and environmental initiatives, mission-driven and capacity-building work, community and tenant organizing, and financial empowerment and education for individuals and small businesses.

Key Points: 
  • Trust for Public Land (TPL), a New England not-for-profit environmental organization, received funding for its "Parks for People in Bridgeport and Boston" from M&T Bank.
  • The New England and Metro New York Amplify Fund grants were selected through a Request for Proposal (RFP) process.
  • Phase one consisted of four RFPs, each available to specific geographic regions across the Amplify Fund footprint.
  • For more information on the Amplify Fund, including the full list of grant recipients in New England and Metro New York, please visit the Amplify Fund website .

Miles Herman Named LEAF CEO, Crit DeMent Serves as Chairman

Retrieved on: 
Wednesday, April 5, 2023

PHILADELPHIA, April 5, 2023 /PRNewswire-PRWeb/ -- LEAF Commercial Capital, Inc. ("LEAF"), a leading U.S. equipment leasing and finance company and subsidiary of M&T Bank, today announced that Miles Herman, formerly LEAF President and COO, is assuming the role of Chief Executive Officer, with former CEO Crit DeMent continuing to serve the company as Chairman.

Key Points: 
  • LEAF Commercial Capital, Inc. ("LEAF") announced that Miles Herman, formerly LEAF President and COO, is assuming the role of Chief Executive Officer, with former CEO Crit DeMent continuing to serve the company as Chairman.
  • PHILADELPHIA, April 5, 2023 /PRNewswire-PRWeb/ -- LEAF Commercial Capital, Inc. ("LEAF"), a leading U.S. equipment leasing and finance company and subsidiary of M&T Bank, today announced that Miles Herman, formerly LEAF President and COO, is assuming the role of Chief Executive Officer, with former CEO Crit DeMent continuing to serve the company as Chairman.
  • "It's been a privilege to work with Crit as we've built LEAF from inception to now being part of the 11th largest bank in the country," said Herman.
  • Veterans of the industry for nearly 40 years, DeMent and Herman founded LEAF in 2001.

M&T Bank Chairman and CEO René Jones Speaks to Serving Communities and Driving Positive Change in Annual Letter

Retrieved on: 
Wednesday, March 8, 2023

This year's letter provides frank comments on a variety of topics, including:

Key Points: 
  • This year's letter provides frank comments on a variety of topics, including:
    Insights into the bank's annual financial performance amidst challenging macroeconomic conditions.
  • Honest and transparent reflections on the learnings from the recent merger with People's United Bank and the bank's ongoing commitment to rebuilding trust with affected customers.
  • "Over the past year, the impact of inflation is clearly visible for the financially vulnerable", said Jones.
  • Concluding the letter, Jones says, "This past year … we learned a great deal about the world and about how we can improve our bank to better serve our customers.

M&T BANK ANNOUNCES $6 MILLION IN AMPLIFY FUND GRANTS TO 44 CONNECTICUT NON-PROFITS

Retrieved on: 
Monday, October 17, 2022

BRIDGEPORT, Conn., Oct. 17, 2022 /PRNewswire/ -- M&T Bank today announced the first of a group of Amplify Fund-Connecticut grants totaling $6 million awarded to 44 non-profit organizations across Connecticut. First announced in May 2022, the $25 million fund is aimed at providing unrestricted multi-year support to trusted organizations to enable them to improve the lives of their communities through programmatic, capacity-building or policy-based work.

Key Points: 
  • Funds Designated to Groups Addressing Underserved, Marginalized & Overlooked Communities
    BRIDGEPORT, Conn., Oct. 17, 2022 /PRNewswire/ --M&T Bank today announced the first of a group of Amplify Fund-Connecticut grants totaling $6 million awarded to 44 non-profit organizations across Connecticut.
  • The grants were awarded based on the responses to proposals submitted by the nonprofits earlier this year.
  • Amplify Fund grants provide finite, multi-year funding to community-based organizations and intermediaries with a demonstrated commitment to high-need, underserved, or marginalized communities.
  • The full list of Connecticut Amplify Fund recipients include:

IDB BANK ANNOUNCES LAURA GREENFIELD AS HEAD OF NEW YORK COMMERCIAL REAL ESTATE

Retrieved on: 
Monday, September 12, 2022

NEW YORK, Sept. 12, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced the appointment of Laura Greenfield as its new Senior Vice President and Head of New York Commercial Real Estate (CRE). In this role, she will lead balance sheet CRE lending in the New York Metropolitan Area, overseeing loan originations, asset management, operations and deposit gathering. Greenfield will report directly to Lissa Baum, IDB Bank's Executive Vice President and Head of Commercial Banking.

Key Points: 
  • NEW YORK, Sept. 12, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced the appointment of Laura Greenfield as its new Senior Vice President and Head of New York Commercial Real Estate (CRE).
  • Greenfield will report directly to Lissa Baum, IDB Bank's Executive Vice President and Head of Commercial Banking.
  • Prior to joining People's United Bank in 2016, Laura was a vice president and team leader in the New York City commercial real estate lending group at M&T Bank.
  • To learn more about IDB Bank visit www.idbny.com
    IDB Bank is a registered service mark of Israel Discount Bank of New York.

M&T Bank Names Matthew Orrino Managing Director and Head of Institutional Commercial Real Estate Capital Markets

Retrieved on: 
Monday, August 1, 2022

NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE: MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking. Hired by the Corporate & Investment Bank ("CIB"), Orrino will be focused on expanding M&T Bank's Institutional CRE Capital Markets solutions for its new and existing customer base and will be located in New York City.

Key Points: 
  • NEW YORK, Aug. 1, 2022 /PRNewswire/ -- M&T Bank (NYSE: MTB) ("M&T") announced that Matthew T. Orrino has been named a Managing Director and head of Institutional Commercial Real Estate (CRE) Capital Markets at M&T Investment Banking.
  • With operations across the United States, M&T Bank delivers a fully integrated offering of investment banking products, including real estate capital markets, loan capital markets, corporate securities underwriting and institutional loan sales and trading.
  • Bringing 20 years of transactional experience across diversified financial service organizations with him, Orrino will concentrate on commercial real estate debt capital markets within the Investment Bank and report to Hugh Giorgio, Managing Director and head of Debt Capital Markets for M&T Investment Banking.
  • Prior to joining M&T, Orrino was a Senior Vice President and head of Capital Markets at CoreVest American Finance.