#United States #New Jersey #M&T Bank #Shannon Lazare

M&T Bank Appoints Shannon Lazare as New Jersey Regional President

In a recent announcement, M&T Bank (NYSE: MTB) has appointed Shannon Lazare as its new New Jersey Regional President. This critical role reflects the bank's commitment to enhancing its service and engagement across the region, as Shannon steps into the position previously held by Tom Comiskey, who moved up to Area Executive after a successful nine-year tenure.

Shannon's extensive experience in the financial services sector began in 2013 when she joined M&T as a Senior Relationship Manager within the Business Banking division. Quickly proving her capabilities, Shannon was promoted to Regional Manager in 2019, a testament to her leadership and dedication. With over 20 years in the industry, her background includes positions at major institutions such as J.P. Morgan Chase, Wachovia, and Valley National Bank.

Under her leadership, M&T Bank aims to strengthen its community ties within New Jersey, a goal she has passionately pursued. In her new role, Shannon will oversee various initiatives focusing on community engagement, economic development, and charitable giving, all vital components of M&T Bank's operations in the state. Already, her involvement in M&T’s New Jersey Charitable Foundation Committee has facilitated significant contributions to over 175 local nonprofits in 2023 alone, amounting to $2.7 million in funding.

Tom Comiskey, who now oversees a broader area, praised Shannon's deep understanding of the New Jersey market and her commitment to community advancement. Her local knowledge and long-standing professional ties in the community are expected to drive M&T's initiatives forward, turning challenges into opportunities for local businesses and residents alike.

As Shannon takes on these new responsibilities, she reiterated her enthusiasm and commitment to New Jersey's growth. "I am honored to step into the role of Regional President, leading a dedicated team that is focused on ensuring the prosperity of our communities," she said. Her vision includes maintaining M&T Bank's tradition of impactful community involvement while addressing the diverse needs of businesses in the area.

M&T Bank is well-regarded for its active involvement in the New Jersey market, boasting 64 branches and consistently ranking among the top 10 Small Business Administration (SBA) lenders for the last decade. The bank prides itself on a local engagement strategy, which allows them to tailor activities, grant allocations, and lending solutions directly according to community needs, crafting a personalized experience for its clients.

Shannon’s appointment symbolizes a new chapter for M&T Bank in New Jersey, and as she assumes her leadership role, the focus will remain on creating economic opportunities, fostering strong partnerships, and elevating the experiences of customers across the region.

In summary, Shannon Lazare’s transition to New Jersey Regional President represents a significant step not only for her career but also for M&T Bank's future initiatives in the state. Her unmatched understanding of the local landscape will undoubtedly help the bank reinforce its presence and effectiveness in serving the communities of New Jersey.