M&T Bank Announces Leadership for New York City-New Jersey-Connecticut Region
Management team designated for Hudson City Saving Bank integration
NEW YORK, Feb. 26, 2013
NEW YORK, 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
(Photo: http://photos.prnewswire.com/prnh/20130226/NY66651 )
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
Gino Martocci will assume the role of Metro Area Executive for M&T,
responsible for M&T's businesses in New York City, Long Island, Northern New
Jersey, Central New Jersey, Connecticut, 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 Westchester and 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 Connecticut.
Both Peter D'Arcy and Paula Mandell will report to Gino Martocci.
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
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