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Maryland's trusted source for business and legal news

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  • 02/07/14--12:44: Paper, not plastic
  • What would we do without the trusty old card?

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    M&T Bank Corp. reported its first-quarter earnings fell about 16 percent from a year ago for that period, a result of what the company said was a drop in customer activity during the first two months of the year.

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    M&T Bank and the Baltimore Ravens announced a 10-year, $60 million extension of their partnership, providing for continuation of naming rights to M&T Bank Stadium and an array of community-focused programs.

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    A federal judge in Baltimore has ordered M&T Bank Corp. to forfeit to the U.S. government $560,000 in drug proceeds laundered through the bank and for which M&T did not file currency transaction reports.

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    M&T's small business lending was driven heavily by franchise businesses and by the region's growing cyber security industry, officials said.

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    JPMorgan Chase’s plans to close 300 branches illustrate a broader trend in Maryland and across the U.S.

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    August “Augie” Chiasera, president of the Greater Baltimore/Chesapeake Regions at M&T Bank, remembers watching the riots erupt in April and being jarred by what he saw. Chiasera said watching the violence, which engulfed parts of the city in reaction to the death of 25-year-old Freddie Gray from injuries suffered while in police custody, saddened him ...

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    M&T Bank Corp. received permission to complete its three-year quest to buy Hudson City Bancorp Inc., the biggest pending U.S. bank deal. The acquisition, valued at about $5.4 billion, was approved by the Federal Reserve Wednesday. The transaction is expected to be completed by Nov. 1 and M&T will begin converting Hudson City to its network ...

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    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 ...

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    When your ATM card doesn’t work, instead of calling your bank and laboring  through seemingly endless instrumental music while on hold, imagine posting a comment on its Facebook page and someone attending to your problem. As more and more banks embrace social media, they are making space for themselves alongside retail giants and other corporations ...

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    Nine former M&T Bank employees have filed suit against the company, alleging they worked 60-hour weeks without overtime pay doing routine clerical work despite being hired to perform compliance and analytical tasks. The lawsuit, filed Wednesday in U.S. District Court in Baltimore, alleges violations of the overtime provisions of the Fair Labor Standards Act, according ...

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    A handful of financial institutions have signed on to be part of BLocal, an initiative that brings together 25 area businesses and organizations to direct more resources toward helping Baltimore residents and small businesses. Companies including T. Rowe Price, Legg Mason, M&T Bank, 1st Mariner Bank and ABS Capital Partners have pledged a range of ...

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    With the presidential inauguration just days away, small-business owners are more optimistic about the economy than they were before the election, reported a new business economic outlook survey by M&T Bank released Tuesday. About 40 percent of small businesses surveyed plan to hire additional workers or increase the hours of their current workforce in the ...

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    M&T Bank’s decision to relocate its regional headquarters to the 28-story 1 Light St. building currently under construction could provide new momentum to keep major companies in Baltimore’s traditional central business district. The bank will relocate more than 500 employees from offices at 25 S. Charles and 111 Calvert streets. M&T has signed a 15-year ...

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    In the wake of last year’s sweeping tax legislation, multiple large banks operating in Maryland have made commitments to increase salaries or pay out bonuses to employees. Five of Maryland’s largest banks accounting for more than half of the market share in the state have announced plans to increase worker pay as they anticipate a ...

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    JPMorgan Chase’s plans to close 300 branches illustrate a broader trend in Maryland and across the U.S.

    0 0

    August “Augie” Chiasera, president of the Greater Baltimore/Chesapeake Regions at M&T Bank, remembers watching the riots erupt in April and being jarred by what he saw. Chiasera said watching the violence, which engulfed parts of the city in reaction to the death of 25-year-old Freddie Gray from injuries suffered while in police custody, saddened him ...

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    M&T Bank Corp. received permission to complete its three-year quest to buy Hudson City Bancorp Inc., the biggest pending U.S. bank deal. The acquisition, valued at about $5.4 billion, was approved by the Federal Reserve Wednesday. The transaction is expected to be completed by Nov. 1 and M&T will begin converting Hudson City to its network ...

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    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 ...

    0 0

    When your ATM card doesn’t work, instead of calling your bank and laboring  through seemingly endless instrumental music while on hold, imagine posting a comment on its Facebook page and someone attending to your problem. As more and more banks embrace social media, they are making space for themselves alongside retail giants and other corporations ...

(Page 1) | 2 | newer