M&T Bank Welcomes Carmen Magistro as Regional President for Northern Pennsylvania

M&T Bank Welcomes Carmen Magistro as Regional President for Northern Pennsylvania



In a significant move for its Northern Pennsylvania operations, M&T Bank has named Carmen Magistro as the new Regional President. This appointment aims to strengthen the bank's presence in the community and improve service delivery to customers across the region. Magistro previously held the role of Commercial Senior Group Manager for Northern Pennsylvania's commercial and industrial sectors in the bank's organization.

Magistro’s new responsibilities will include working closely with the Community Bank leadership team in Northern Pennsylvania while continuing to oversee commercial banking operations in the area. He takes over the role from Phil Johnson, who is set to retire at the end of 2024.

Mike Keegan, Senior Executive Vice President and Head of Community Banking at M&T Bank, expressed confidence in Magistro's capabilities: "Carmen's lifelong commitment to Northern Pennsylvania and his deep-rooted understanding of the community will be instrumental in guiding our efforts to foster economic growth and support local businesses. His leadership will play a pivotal role in ensuring our mission of enabling our customers, colleagues, and communities thrives."

Having joined M&T Bank in 2009, Magistro brings over 22 years of experience in the financial services industry. His expertise spans various areas, including commercial banking, business banking, and government banking. Throughout his career, he has been actively involved in community initiatives, participating in organizations such as the Greater Wilkes-Barre Chamber of Commerce and the United Way of Wyoming Valley. His community commitment is exemplified by his engagements with Junior Achievement of NEPA and other local boards.

Regarding the challenges and opportunities in Northern Pennsylvania, Magistro stated, "Each community is unique, with its vibrant history and specific needs. I am excited to work alongside our employees to foster relationships, provide the necessary financial resources our customers require, and contribute to the continued success of the region."

M&T Bank boasts a solid footprint in Northern Pennsylvania, operating 34 branches and over 45 ATMs. This expansive network provides comprehensive coverage from Centre County to Wayne County, including key areas such as Pottsville, Scranton, State College, Stroudsburg, Wilkes-Barre, and Williamsport. The bank's localized engagement strategy allows decisions regarding community activities, lending practices, and grants to be made on a local level, enhancing the relationship between the bank and the customers it serves.

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York, with a branch network extending across the eastern United States, from Maine to Virginia and Washington, D.C. For more information about M&T Bank’s services and its commitment to the communities it serves, please visit www.mtb.com.

M&T Bank is an equal housing lender and a member of the FDIC. It adheres to industry regulations to provide secure and reliable banking services to its customers.

Conclusion


Carmen Magistro’s appointment as Northern Pennsylvania Regional President marks a new chapter for M&T Bank in enhancing its community banking services. With a focus on local engagement and a commitment to economic growth, Magistro's leadership is poised to usher in a new wave of support for local businesses and communities throughout the region.

Topics Financial Services & Investing)

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