CBIA BizCast: M&T Bank Invests in Small Business
CBIA’s BizCast team speaks with Michael Weinstock, M&T Bank’s Hartford regional president about the new initiatives the bank has implemented to support small businesses across Connecticut.
M&T recently acquired People’s United Bank, headquartered in Bridgeport.
Weinstock said leaders within both companies have been working hard to ensure a smooth transition.
Many of them are native to Connecticut and invested in seeing communities across the state succeed.
“We’re committed to Connecticut because we believe it is a good place to live, to work, and a prime location for businesses to thrive,” Weinstock said.
Weinstock said M&T Bank is launching a number of programs in the Bridgeport area that will expand to other corners of the state.
The bank also partnered with Connecticut’s Department of Economic and Community Development to fund the Small Business Boost loan program.
The bank is committed to $5 million in the first traunch of the fund, and will contribute more as it grows.
“It has the potential to support more than 2,000 micro- and small businesses,” Weinstock said.
“That’s a good start, that’s a good initiative with access to capital and advisory services.”
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