M&T Bank holds more than half of WNY deposits


M&T Bank continues to hold a commanding lead when it comes to deposits in Western New York’s eight counties.

A new report shows the Buffalo-based bank holds more than half of all deposits held at the region’s federally insured banks.

How much exactly?

A whopping $27.41 billion, or 56.78 percent, according to the Federal Deposit Insurance Corp.’s annual deposit market share report, which tracks total deposits by bank every year on June 30.

M&T has held the position of No. 1 deposit-taker…

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