Items Tagged with 'M&T Bank'


  • M&T Bank launches mortgage assistance program for minority neighborhoods

    Available in New Jersey, Connecticut, New York, Pennsylvania and Delaware
    Aiming to help underserved borrowers buy a home, M&T Bank announced a new mortgage subsidiary program for certain minority neighborhoods in New Jersey, Connecticut, New York, Pennsylvania and Delaware. According to M&T Bank, the program will allow qualifying homebuyers who are purchasing or refinancing properties in targeted neighborhoods to receive mortgage assistance that can exceed $10,000.
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  • M & T Bank Repays TARP Funds

    M&T Bank, based in Buffalo, NY has repaid $700 million in Troubled Asset Relief Program funds received, which includes an amount owed by Wilmington Trust Corporation that M&T had recently acquired.   Under the capital purchase program, the Treasury received $370 million in shares from M&T and $330 million in shares from Wilmington. The repayment brings the total of repayments to about $252 billion with about $145 billion still outstanding.  When evaluated separately, the TARP capital purchase program will ultimately lead to a $20 billion positive return for taxpayers.  However, according to the CBO, when factored in with other
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  • $163.5 Million CRE Deal Goes Through; Risk-Taking in Commercial Real Estate?

    A bit of deviation from HW's usual fare, but an interesting press statement late yesterday caught my eye -- the New York office of Holliday Fenoglio Fowler, L.P. said that it had arranged a $163.5 million acquisition and pre-development loan for a nearly 1.1 million-square-foot condominium interest in 375 Pearl Street in downtown Manhattan.
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