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M&T’s second-quarter profit up 71 percent
M&T Bank Corp. said Wednesday that its second-quarter profit rose 71 percent after it had to set aside less money for bad loans . Buffalo-based M&T is the second largest bank operating in Maryland, with 12.5 percent of the banking market share as of June 30, according to Federal Deposit Insurance Corp. figures. The second […]
M&T Bank Stadium prepped for Wednesday’s U2 concert
Crews set up the stage at M&T Bank Stadium on Tuesday, June 21, 2011 for U2's 360 Tour stop in Baltimore. Tens of thousands are expected to show up for the highly-anticipated show Wednesday.
Helping Others, 1/4: What businesses and firms did in 2010
The Daily Record would like to note through its fifth annual Helping Others recognition campaign the contributions of time, money and other forms of support made by Maryland businesses, law firms and institutions to worthy causes during 2010. Benefit ‘office party’ Merritt Athletic Clubs held “Baltimore’s Biggest Holiday Office Party” on Dec. 9, inviting other […]
14 honored with Mayor’s Business Recognition Awards
Fourteen businesses and a nonprofit organization in the Baltimore area were honored Tuesday at the 2010 Mayor’s Business Recognition Awards ceremony. The annual awards program, an initiative of the Greater Baltimore Committee and the Baltimore Development Corp., recognizes companies and nonprofits for outstanding community service and civic leadership. More than 400 GBC members and guests [&hell[...]
What happens when bank failure happens
Ben Mook wrote in Wednesday’s paper about M&T Bank’s growth spurt in the region — an expansion that includes three instances where the Buffalo, N.Y.-based bank took over small banks at the behest of federal regulators. The latest acquisition occurred Nov. 5, when the Maryland Office of Financial Regulation closed Owings Mills-based K Bank and […]
On the Move, 11/10: Profiles’ Burke Friedman honored by PR News
Amy Burke Friedman, vice president of Profiles Inc., a full-service public relations, marketing, and special events company in Baltimore, has been named one of 2010’s “15 to Watch” by PR News, a weekly publication for public relations professionals. The award, which will be presented Nov. 20 at the National Press Club in Washington, D.C., honors […]
M&T continues growth in Maryland
By taking over the assets and deposits of the failed K Bank and making an offer to buy Wilmington Trust Corp. that includes that bank’s assets and locations in Maryland, M&T Bank is continuing a decade’s worth of growth in the state. The Buffalo, N.Y.-based bank has gone from having no presence in the Maryland […]
M&T Bank buys Wilmington Trust for $351M in stock
NEW YORK — M&T Bank Corp. is buying Wilmington Trust Corp. for $351 million in stock as a deteriorating loan portfolio hobbles the Wilmington, Del., bank. M&T said Monday Wilmington Trust shareholders will receive 0.051372 shares of its stock for each share of Wilmington Trust stock. The deal comes after Wilmington Trust posted a $369.9 […]
Baltimore on list to host World Cup
The Chelsea-AC Milan soccer match at M&T Bank Stadium this summer could just be a warmup for things to come. Turns out the U.S.A. Bid Committee for the 2018 and 2022 World Cups has put M&T Bank Stadium on its long list of potential host sites should the U.S. win the bid. Maryland was asked […]
