Buffalo-based M&T Bank has named a Long Island market president for the first time.
The bank, which has 20 branches and 166 employees on the Island, said this week that it has promoted Jason Lipiec to the position.
Lipiec, who had been M&T’s senior group manager for middle-market banking in New York City, will be based in Melville.
The bank has about $200 million in commercial real estate lending commitments and plans further expansion in that market, Lipiec said.
“We would like to target those opportunities that are helpful to a community and target large or medium-size developers,” Lipiec said. “We are evaluating the market to see what kind of role we want to play there.”
Lipiec will report to Peter D’Arcy, M&T’s New York City regional president.
Blair Ridder replaces Lipiec as the bank’s senior group manager for middle-market banking in New York City. Ridder has been with M&T Bank for eight years, having most recently served as an administrative vice president in northern New Jersey.
M&T has had operations on Long Island since 1987, when it acquired Brooklyn-based East New York Savings Bank, which had two branches in Nassau County.
M&T Bank Corp. reported assets of $123.2 billion as of March 31. It operates more than 775 retail and commercials branches.
M&T has 17,000 employees, about 9,200 of which are in New York State.