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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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Elizabeth Dilts

is currently pursuing a masters at Columbia University Graduate School of Journalism. Dilts came to New York City from Shanghai, China, where she worked as an editor with the English-language City Weekend magazine. Prior to that, Dilts spent a year in Nanjing, China, with a bilingual, Mandarin-English magazine and a stint in Tianjin, China, with a business publication. Looking to use her Mandarin back in the United States, Dilts is covering Flushing, Queens, one of New York’s four Chinatowns. A native of Gary, Indiana., Dilts received her bachelor’s degree in journalism at Indiana University. While in China, she reported on Internet usage among young adults and the education issues faced by multi-ethnic children raised in China.