This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Feb. 26, 2013 /PRNewswire/ -- M&T Bank executives
Gino Martocci, Peter D'Arcy and
Paula Mandell have been assigned broader management roles to execute the bank's pending acquisition of
New Jersey-based Hudson City Savings Bank.
The new management structure was established to help M&T integrate its acquisition of
Paramus-based Hudson City Savings Bank, which has a network of 135 branches - with 97 located in
New Jersey, 29 in
New York State and 9 in Connecticut. Since Hudson City Savings Bank is focused mainly on taking deposits and making residential mortgages, M&T will extend its commercial banking operations into
Hudson City's branch network. The merger, subject to regulatory and shareholder approval, is expected to close in the second quarter of 2013.
Hudson City has a long history as an excellent savings bank in
New York City, New Jersey and
Connecticut. M&T now has the opportunity to bring our successful commercial banking services and our premier wealth management and corporate trust solutions into
Hudson City's communities," said M&T Bank Chairman and CEO
Robert G. Wilmers. "Our depth of experienced bankers in
New York City will be drawn on to expand our services through the entire tri-state region."
Gino Martocci will assume the role of Metro Area Executive for M&T, responsible for M&T's businesses in
New York City,
Northern New Jersey,
Central New Jersey,
Westchester County, NY and
Rockland County, NY. Martocci has been
New York City regional president for M&T Bank since late 2009, where he helped manage more than
$3 billion of customer deposits and more than
$8 billion of loans and leases. Martocci has been with M&T since 1995.
Peter D'Arcy, group vice president for commercial real estate in
New York City, has been promoted to succeed Martocci as
New York City regional president. D'Arcy joined M&T in 1995 and his career has included management experience in retail banking, business banking and private banking. D'Arcy has led M&T's commercial real estate group in
New York City since 2006, helping M&T expand the regional commercial real estate division's portfolio from
$4.2 billion in 2006 to
$5.8 billion at the end of 2012.
M&T's commercial banking in
New Jersey and
Connecticut will continue to be managed by Regional President
Paula Mandell, who also serves as regional president in
Westchester County, NY, and
Rockland County, NY. Mandell has almost 40 years of experience in the banking industry. She has headed M&T's operations in
Rockland counties since 2001. She will continue working closely with Martocci to build M&T's commercial banking operations and client base in
New Jersey and
Both Peter D'Arcy and
Paula Mandell will report to
Gino Martocci will continue to report to
New York City-based Executive Vice President
Kevin Pearson, who is a member of the company's 14-member Management Group. Pearson has 27 years of financial services industry experience, including 23 years at M&T Bank.
M&T Bank, founded in 1856, is one of the top 20 independent commercial bank holding companies in the nation, with more than $83 billion in assets and more than 725 branch offices in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia. Read more about M&T Bank online at www.mtb.com/newsroom.
Media Contact Information:
Chet Bridger 716-842-5182
SOURCE M&T Bank