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M&T rolls out mobile banking for business clients

By Kevin Tampone

Date:

M&T Bank has introduced a new mobile banking service for business customers.

Businesses can pay bills, view accounts, perform transfers, and more online with the new service. Customers can use the new platform on mobile phones through mobile Web banking, text banking, or an iPhone app.

M&T also offers bookmark apps for Android and BlackBerry users. M&T, based in Buffalo, already has a mobile banking service for consumers.

The bank has $77.9 billion in assets and 780 branch offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, New Jersey, Delaware, Florida, Washington, D.C., and Ontario, Canada.

M&T is the leading bank in the Syracuse–area deposit market with 30 branch offices, more than $2.2 billion in deposits, and a market share of more than 21.2 percent. It is number two in the Utica–Rome market with 13 branches, more than $615 million in deposits, and a market share of about 16.8 percent.

M&T also leads the Binghamton–area market with a deposit market share of 48.7 percent, 16 branches, and more than $1.2 billion in deposits, according to statistics as of June 30 from the Federal Deposit Insurance Corp.

Contact Tampone at ktampone@cnybj.com

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