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Ex-Hopkins exec Grossi elected to M&T’s board

M&T Bank Corporation has named Richard A. Grossi, a former senior vice president and CFO at Johns Hopkins Medicine as the newest member of the bank’s board of directors, effective today.

Grossi has more than forty years of experience in higher education and the health care.  His areas of expertise include financial analysis and management, organizational design and development, human resource management, systems selection and implementation, operational and financial responsibility for large functional units and responsibility for major facility construction and control, according to a statement from M&T Bank.

He recently retired after serving as senior vice president and chief financial officer for Johns Hopkins Medicine for nearly 20 years. Grossi joined the hospital in 1978. He was responsible for all financial functions for the $7.3 billion organization, including strategic planning, cash management and treasury, new business initiatives and trustee interactions on financial decisions. He still works for the hospital as a consultant, said the statement.

Based in Buffalo, New York, M&T bank has a large presence in Maryland with 170 branches in the state, making it the second-largest banking operation in Maryland based on market share. In 2014, M&T Bank Corp. had 14.5 percent of deposits, No. 2 after Bank of America’s 21.1 percent.

M&T is also one of the most active lenders in the Small Business Administration program in Maryland.