M&T Bank Ranked in the Nation's Top Ten Lenders to Small Business
24 November 2009 - 4:40AM
PR Newswire (US)
Top bank SBA lender in Buffalo, Rochester, Syracuse and Baltimore
BUFFALO, N.Y., Nov. 23 /PRNewswire-FirstCall/ -- M&T Bank
(NYSE:MTB) ranked as the #1 SBA lender in Buffalo, Rochester and
Baltimore, and finished 9th nationally in the number of total loans
made through the U.S. Small Business Administration's (SBA) most
popular small business lending program during the federal fiscal
year ending September 30, 2009. M&T has now been the leading
SBA lender in some of its core markets for more than a decade.
M&T issued 692 of the SBA's 7(a) loans, which is the SBA's
largest loan program providing operating capital to small business.
M&T is the leading bank SBA lender in Syracuse, behind the New
York Business Development Corp., and is highly active providing
loans through its network of business bankers in offices throughout
New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia
and Washington, D.C. "Now more than ever, small business owners and
entrepreneurs need the support of bankers in their community who
can consistently help provide them with the capital and sound
advice they need to operate their businesses - and to create new
jobs in our economy," said Darren J. King, executive vice president
for business banking at M&T. "Our top ten ranking reflects
M&T's expertise and unwavering commitment to serving small
business in our communities, where we've always worked to build
relationships with owners, and to understand the unique dynamics of
their small businesses." In addition to its standard business
services, M&T has increased its focus on helping business
owners to optimize their cash flow. Additional information about
M&T's small business products and services can be found at
http://www.mtb.com/business. M&T Bank Corporation, founded in
1856, is one of the top 20 commercial bank holding companies in the
nation, with $69.9 billion in assets and more than 800 branch
offices in New York, Pennsylvania, Maryland, New Jersey, Delaware,
Virginia, West Virginia and Washington D.C. More information is
available at http://www.mtb.com/. For Further Information: Chet
Bridger 716-842-5182 DATASOURCE: M&T Bank CONTACT: Chet
Bridger, +1-716-842-5182 Web Site: http://www.mtb.com/
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