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M&T Gets State Approval To Branch Into Bronx

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M&T Bank (NYSE: MTB) now has official approval from New York state to expand its New York City-area retail network.

It received the go-ahead from the state Department of Financial Services to open a branch in Bronx. Scheduled to open this spring, the office will be the first M&T branch in Bronx and the 18th branch in the five boroughs.

Construction is underway. Last month, M&T said it will transform a vacant storefront at 2460 Grand Concourse into a 1,500-square-foot full-service branch.

The office is expected to open this Spring.

Buffalo-based M&T’s presence in the tri-state region grew substantially due to the November 2015 acquisition of Hudson City Bancorp, Inc. in New Jersey. The deal added nearly 200 branches to M&T’s footprint, which includes New York, New Jersey, Connecticut, Pennsylvania, Delaware, Maryland, Virginia, West Virginia and Washington, DC.

 

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Alma Watkins

EZ Al is a Native American with African and German descent who hails from the Bronx. At an early age she developed a love for music, art, and photography. She has photographed films, videos, fashion and political events. She is inspired by and influenced by talented photographers of today and graffiti artist of yesterday. Her motto is to live life is to love life.