M&T Bank

inTEST Extends Maturity Date of Borrowing Agreement to 2031

Retrieved on: 
Friday, May 3, 2024
Technology, EV, Electric Vehicles, Other Defense, Semiconductor, Automotive, General Automotive, Aerospace, Manufacturing, Defense, M&T Bank, Credit

The Company has entered into an agreement to amend its existing loan facility with M&T Bank to extend the maturity date of its term loan and revolving credit facility to May 2, 2031.

Key Points: 
  • The Company has entered into an agreement to amend its existing loan facility with M&T Bank to extend the maturity date of its term loan and revolving credit facility to May 2, 2031.
  • Additionally, the draw down period for the term loan was extended until May 2, 2026.
  • The Company has approximately $30 million available funding on the $50.5 million term loan, and the full $10 million available under the revolving credit facility.
  • The credit facility and term loan are secured by substantially all of the Company’s assets.

The Boys and Girls Club of Frederick County 2024 Battle of the Bands is a Smashing Success

Retrieved on: 
Wednesday, May 1, 2024
Summer camp, Rock School, Sponsor, Red Bullet, Boys & Girls Club, Carroll Creek, M&T Bank, Boy, Drink

FREDERICK, Md., May 1, 2024 /PRNewswire-PRWeb/ -- Boys & Girls Club of Frederick County (BGCFC) 2024 Battle of the Bands was a smashing success, raising $17,886.00 to help support upcoming BGCFC summer programs and the ongoing critical work of this important local organization. The Battle was held on Saturday, April 27, 2024 at the Carroll Creek Amphitheater in historic Downtown Frederick, MD and was presented by the Goddess Group of Everything, Frederick & Maurer Realty, and M&T Bank along with other sponsors and supporters; and was produced by Benefactor Events.

Key Points: 
  • FREDERICK, Md., May 1, 2024 /PRNewswire-PRWeb/ -- Boys & Girls Club of Frederick County (BGCFC) 2024 Battle of the Bands was a smashing success, raising $17,886.00 to help support upcoming BGCFC summer programs and the ongoing critical work of this important local organization.
  • "Our ability to serve the youth of Frederick County hinges on events like the Battle of the Bands, as well as the support of local organizations, business, and community members..." - Timika Thrasher, CEO, Boys & Girls Club of Frederick County
    Timika Thrasher, CEO of the Boys & Girls Club of Frederick County, said, "Although we are affiliated with the National Boys & Girls Clubs of America, we operate as our own 501c3 entity.
  • The Boys & Girls Club of Frederick County 2024 Battle of the Bands also featured the following acts: Shadow Apparatus, The "V", and Red Bullet.
  • Attendees were treated to an opening set by the band Turbulence from the Frederick Let There be Rock School AND a closing set by Cimonti, winner of the 2023 BGCFC Battle of the Bands.

M&T Bank Corporation to Participate in the Barclays Americas Select Franchise Conference

Retrieved on: 
Monday, April 29, 2024
MTB, Conference, M&T Bank, BST

BUFFALO, N.Y., April 29, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Barclays Americas Select Franchise Conference being held in London.

Key Points: 
  • BUFFALO, N.Y., April 29, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Barclays Americas Select Franchise Conference being held in London.
  • Representatives of M&T are scheduled to deliver a presentation to investors and analysts on May 8, 2024, at 4:00 a.m.
  • ET (9:00 a.m. BST).
  • The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such forward-looking information will be available on the webcast link.

M&T Bank and Sunstone Credit Announce Joint Program to Give More Businesses Access to Simple, Affordable Solar Financing

Retrieved on: 
Thursday, April 25, 2024
Solar energy, MTB, Growth, Sunstone, M&T Bank, Renewable energy

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.

Key Points: 
  • NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) -- Sunstone Credit, Inc. , a commercial solar loan platform that helps businesses switch to clean energy, today announced a program with M&T Bank (NYSE:MTB) to give more businesses access to easy, affordable solar financing.
  • Despite the advantages and incentives for businesses to go solar, most companies lack access to loan financing for solar installations, forcing them to pay cash or forgo switching to clean energy altogether.
  • By collaborating with M&T Bank, a top 20 commercial bank in the United States, Sunstone will expand access to its simple, cost-effective loan financing, helping more businesses afford solar systems.
  • The company also recently acquired ORKA Finance , a commercial solar lender, and joined a consortium of investors to buy Sunlight Financial, a residential solar financing company.

Tommy's Boats Statement on Lawsuit with Malibu

Retrieved on: 
Friday, April 12, 2024
Partnership, OEM, Water, M&T Bank

GRAND RAPIDS, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- Tommy’s Boats announced today the company has filed a federal lawsuit against its long-time OEM partner Malibu Boats for several unresolved business issues.

Key Points: 
  • GRAND RAPIDS, Mich., April 12, 2024 (GLOBE NEWSWIRE) -- Tommy’s Boats announced today the company has filed a federal lawsuit against its long-time OEM partner Malibu Boats for several unresolved business issues.
  • Tommy’s has been a provider of Malibu boats for over a decade.
  • We are very appreciative of our incredible partnership over the years and for the dedication and hard work of Malibu’s employees.
  • Tommy’s Boats is a community of passionate water sports enthusiasts that live the lifestyle, promise uncompromising service, and bring people together on the water.

Malibu Boats Comments on Litigation Filed by Former Dealer

Retrieved on: 
Thursday, April 11, 2024
Malibu Boats, Light, District court, M&T Bank, Learning, Trust, Renting

LOUDON, Tenn., April 11, 2024 (GLOBE NEWSWIRE) -- Malibu Boats, Inc. (Nasdaq: MBUU) (“Malibu” or the “Company”) today issued the following statement in connection with a lawsuit filed by Tommy’s Boats (“Tommy’s”) and its related parties in the United States District Court for the Eastern District of Tennessee on April 10, 2024:

Key Points: 
  • Indeed, Tommy’s lender is also suing it for violating the agreements Tommy’s used to finance the purchase of our boats.
  • As such, we believe it is important to clarify the following points:
    Any and all boats that Malibu sold to Tommy’s were ordered by Tommy’s.
  • Malibu only sold boats to Tommy’s that Tommy’s ordered, and Malibu fulfilled its obligations under its agreements with Tommy’s.
  • Malibu took action in light of Tommy’s sales of boats out of trust.

M&T's 2023 Sustainability Report Highlights Progress on Customer Solutions and Key Business Goals

Retrieved on: 
Tuesday, April 30, 2024
Small business, Woman, Housing, Empowerment, MTB, SBA, Wind, Biomass, Green, Acquisition, Renewable energy, Committed, M&T Bank, Annual report, Organization, M&T

BUFFALO, N.Y., April 30, 2024 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) today released its 2023 Sustainability Report, Committed to our Communities.

Key Points: 
  • BUFFALO, N.Y., April 30, 2024 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) today released its 2023 Sustainability Report, Committed to our Communities.
  • This fourth annual report highlights the progress the company has made toward its sustainability goals including environmental and social finance solutions for customers as well as initiatives that support the bank's business and community relationships.
  • We remain committed to investing in our communities knowing that our 2023 achievements help position our business better for the years ahead."
  • To learn more about M&T's approach to sustainability and to download a copy of the report, visit [mtb.com/sustainability].

SessionGuardian Establishes Strategic Advisory Board with Exceptional Industry Leaders

Retrieved on: 
Thursday, April 25, 2024
Education, CVS, DTCC, MassMutual, MUFG Bank, Supply, Organization, KPMG, Supply chain management, Wells Fargo, Mentorship, FBI, Bank of America, NYU, Intelligence, Citigroup, State bureau of investigation, TIAA, Digital transformation, Bank, BNY Mellon, M&T Bank, Veteran, Accenture

NEW YORK, April 24, 2024 /PRNewswire/ -- SessionGuardian, a leading provider of continuous identity assurance and data protection solutions, celebrates the addition of its newly appointed, exceptional advisors.

Key Points: 
  • NEW YORK, April 24, 2024 /PRNewswire/ -- SessionGuardian, a leading provider of continuous identity assurance and data protection solutions, celebrates the addition of its newly appointed, exceptional advisors.
  • The remarkable achievements and insights of these key industry leaders will enable SessionGuardian to propel its clients to new heights.
  • His commitment to mentoring and fostering over 70 cybersecurity leaders and potential leaders exemplifies his dedication to advancing the industry.
  • His commitment to advancing cybersecurity education, evidenced by his involvement with the NYU Cyber Fellows Advisory Council, reflects his passion for nurturing the next generation of industry experts.

The Boys & Girls Club of Frederick County Stages the 2024 Battle of the Bands

Retrieved on: 
Wednesday, April 10, 2024
Learning, Summer camp, Food, M&T Bank, Boy, Organization

FREDERICK, Md., April 10, 2024 /PRNewswire-PRWeb/ -- Six Bands Will Battle for $5,000+ in Prizes

Key Points: 
  • Timika Thrasher, CEO of the Boys & Girls Club of Frederick County, said, "Last year, our inaugural Battle raised $14,000.00.
  • We want to ensure all Frederick kids get to engage with a diverse group of peers from the Frederick County community."
  • "The Boys & Girls Club of Frederick County is funded primarily by local community members and organizations.
  • "Last year's Battle of the Bands was a big success for the Boys and Girls Clubs of Frederick County," said "Battle" producer Jarad Bowens of Benefactor Events.

M&T Bank Launches Third Harrisburg Multicultural Small Business Lab

Retrieved on: 
Thursday, April 4, 2024
Innovation, Growth, Green, Lab, Partnership, Education, Entrepreneurship, Knowledge, MTB, CIE, Marketing, M&T Bank, Economic development, Creative industries

HARRISBURG, Pa., April 4, 2024 /PRNewswire/ -- M&T Bank (NYSE: MTB) is seeking up to 45 entrepreneurs to participate in its third Capital Region Multicultural Small Business Lab – a program designed to provide multicultural business owners with the guidance and skills needed to build strong businesses, spur economic growth in the Harrisburg area, and build generational wealth for their families.

Key Points: 
  • The Multicultural Small Business Lab launches May 8, with courses held each Wednesday evening at Harrisburg University.
  • The Capital Region Multicultural Small Business Lab launched in 2022, providing 40 small-business owners with free access to resources and education to grow their business.
  • The 2022 Capital Region Multicultural Small Business Lab received the Catalyst Award from the Harrisburg Regional Chamber and Capital Region Economic Development Corp.'s for its impact on businesses in the area.
  • To apply for the Capital Region Multicultural Small Business Lab, visit mtb.com/harrisburglab .