M&T Bank Archives - ABFJournal

Wilmington Trust Sells Collective Investment Trust Business to Madison Dearborn Partners

Wilmington Trust, a wholly-owned subsidiary of M&T Bank, agreed to sell its Collective Investment Trust (CIT) business to Madison Dearborn Partners, a private equity firm based in Chicago.

Syndicate of Lenders Provide $400MM Credit Facility to Gibraltar Industries

Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.

M&T Bank Expands Term Loan Facility with inTEST by $25MM

inTEST executed an amendment to its loan agreement with M&T Bank to expand the existing non-revolving delayed draw term loan facility by $25.5 million to $50.5 million.

September 27, 2022 Duncan Gilmour | inTEST | M&T Bank Ian Koplin

M&T Bank and Wells Fargo Lead $1.35B in Credit Facilities for MarineMax

MarineMax, a recreational boat and yacht retailer, completed $1.35 billion in senior secured credit facilities. M&T Bank led the facilities as administrative agent and joint lead arranger, along with Wells Fargo Commercial Distribution Finance as joint lead arranger and floor plan agent.

August 10, 2022 M&T Bank | MarineMax | Michael H. McLamb | Wells Fargo Commercial Distribution Finance Ian Koplin

M&T Bank Provides $25MM Revolving Credit Facility to Rand Capital

M&T Bank provided a $25 million senior secured revolving credit facility to Rand Capital, a business development company providing alternative financing for lower middle-market companies, which will use the funds for future portfolio investments.

June 29, 2022 Daniel P. Penberthy | M&T Bank | Rand Capital Phil Neuffer

Gold to Retire as President and COO of M&T Bank in 2023

Richard Gold, president and chief operating officer for M&T Bank, intends to retire, effective after Q1/23. Gold plans to remain on the board of directors of M&T Bank.

June 17, 2022 M&T Bank | René Jones | Richard Gold Ian Koplin

M&T Bank Names Robinson Regional President for Tarrytown, NY

M&T Bank named Tyré Robinson regional president for Tarrytown, NY. She will also continue to serve in her previous role as business banking lead for the Tarrytown and Hudson Valley regions in New York, a role she has held since 2020.

May 13, 2022 M&T Bank | Mike Keegan | Tyré Robinson Ian Koplin

M&T Bank Increases ABLE Equipment Rental’s ABL to $175MM

ABLE Equipment Rental increased its existing asset-based loan with M&T Bank as lead arranger and administrative agent. The $175 million facility is now comprised of a $125 million revolving line of credit along with the original $15 million term loan facility.

May 12, 2022 ABLE Equipment Rental | M&T Bank | Steve Laganas | Thomas Caldaroni Ian Koplin

Federal Reserve Approves M&T Bank’s Acquisition of People’s United Financial

The board of governors of the Federal Reserve System provided regulatory approval for M&T Bank’s acquisition of People’s United Financial.

March 8, 2022 M&T Bank | People’s United Financial Ian Koplin

M&T Bank and People’s United Extend Merger Agreement

M&T Bank and People’s United Financial agreed to extend their merger agreement from Feb. 21, 2022, to June 1, 2022.

February 23, 2022 M&T Bank | People’s United Financial Ian Koplin

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