M&T Bank Best in Nation for Small Business Banking

Published on Tuesday, 07 February 2012 10:28 Written by TradersHuddle Staff

Nation's 6th largest SBA lender tops all banks in Greenwich Excellence Awards for Small Business Banking

BUFFALO, N.Y., Feb. 7, 2012 /PRNewswire/ -- M&T Bank won a total of 14 Greenwich Excellence Awards for Small Business Banking —12 national wins and two regional honors — garnering the most total awards among any of the 750 banks in the nation as rated by businesses with sales of $1 -$10 million in Greenwich Associates 2011 Small Business Banking Study.

"When local businesses succeed, we all succeed," said Janet Coletti, M&T Bank senior vice president for business banking.  "Small businesses are economic engines in the communities served by M&T Bank, and we understand how important it is to serve those businesses well, to help them grow, and to help them create new jobs and new opportunities.  M&T works closely with business owners, providing them not just with the capital they need, but also sharing solutions, experience and advice."

"Lending responsibly to small businesses has always been one of M&T Bank's greatest strengths, and our consistent approach is more important than ever to our customers in today's uncertain economy," said M&T Bank President Mark Czarnecki. "M&T made more than 7,500 new small business loans last year and now has a portfolio of about $5 billion to small business customers."

In addition to lending directly to small business, M&T serves as a major provider of U.S. Small Business Administration loans. The sixth largest SBA lender in the United States, M&T Bank ranked as the top SBA lender in Baltimore, Buffalo, Philadelphia, Rochester, Syracuse, Washington, D.C., and Wilmington communities.

M&T won national Greenwich Excellence Awards in these small business banking categories:

•           Overall Satisfaction

•           Personal Banking—Overall Satisfaction

•           Relationship Manager Performance

•           Credit Policy—Response/Terms & Conditions

•           Credit Policy—Willing to Lend/Pricing

•           Financial Stability

•           Branch Satisfaction

•           Treasury Management—Overall Satisfaction

•           Treasury Management – Accuracy of Operations

•           Treasury Management—Customer Service

•           Treasury Management—Product Capabilities

•           Treasury Management—Sales Specialist Performance

M&T also won two Northeast Regional small business banking awards in:

•           Overall Satisfaction

•           Treasury Management—Overall Satisfaction

About the Greenwich Awards

Every year, Greenwich Associates surveys nearly 13,500 businesses with sales of $1 million to $10 million, and 11,500 businesses with sales of $10 million to $500 million, in markets across the U.S. To benchmark the quality of banking products and services in the marketplace, Greenwich Associates asks decision-makers at these companies to evaluate each of the banks they use in a variety of categories covering overall banking and treasury management.

About M&T Bank

M&T Bank, founded in 1856, is one of the top 20 independent commercial bank holding companies in the nation, with $78 billion in assets and more than 770 branch offices in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia and the District of Columbia.

Media Contact Information:

Delaware:  Megen Morris (302)651-1462

Maryland, Virginia, Washington D.C.:  Philip Hosmer (410)949-3042

New York:  Chet Bridger (716)842-5182

Pennsylvania, New Jersey:  Kent Wissinger (717)237-6110

SOURCE M&T Bank