M&T Bank Appoints Carmen Magistro as Northern Pennsylvania Regional President

(Neutral)

(Very Positive)

Rhea-AI Summary

M&T Bank (NYSE: MTB) has appointed Carmen Magistro as Northern Pennsylvania Regional President, succeeding Phil Johnson who will retire at the end of 2024. Magistro, previously serving as Commercial Senior Group Manager for Northern Pennsylvania Commercial & Industrial, brings over 22 years of financial services experience, including 16 years with M&T.

In his expanded role, Magistro will oversee commercial banking operations and partner with the Community Bank leadership team for Northern Pennsylvania. He has extensive experience in commercial, business, and government banking, and is actively involved in various community organizations including the Greater Wilkes Barre Chamber of Commerce and United Way of Wyoming Valley.

M&T Bank maintains a strong regional presence with 34 branches and over 45 ATMs serving Northern Pennsylvania from Centre County to Wayne County, covering areas including Pottsville, Scranton, State College, Stroudsburg, Wilkes Barre, and Williamsport. The bank emphasizes local decision-making for community activities, grants, and lending.

Positive

Appointment of experienced internal candidate with 16+ years at M&T
Strong regional presence with 34 branches and 45+ ATMs
Local decision-making model for community activities and lending

Negative

None.

News Market Reaction – MTB

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03/04/2025 - 08:30 AM

Magistro brings 22 years of experience, more than 16 with M&T

BUFFALO, N.Y., March 4, 2025 /PRNewswire/ -- M&T Bank (NYSE: MTB) has appointed Carmen Magistro as Northern Pennsylvania Regional President. Previously serving as M&T's Commercial Senior Group Manager for Northern Pennsylvania Commercial & Industrial, Magistro has assumed additional responsibilities to help strengthen M&T's presence in the community and enhance service to customers throughout the region.

In this expanded role, Magistro will partner closely with the Community Bank leadership team for Northern Pennsylvania while continuing to oversee M&T's commercial banking operations in the region. Magistro succeeds Phil Johnson, who announced his planned retirement at the end of 2024.

"A lifelong resident of Northern Pennsylvania with an enduring commitment to its communities, Carmen is well-positioned to guide M&T's efforts in fostering economic growth and supporting local businesses," said Mike Keegan, M&T Bank Senior Executive Vice President and Head of Community Banking. "His experience and leadership will be pivotal in driving forward our mission of enabling customers, colleagues, and communities to thrive."

Magistro joined M&T Bank in 2009 and has more than 22 years of experience in the financial services industry, with expertise spanning commercial banking, business banking, and government banking. Throughout his tenure, he has been actively engaged in the community and involved with organizations such as the Greater Wilkes Barre Chamber of Commerce, Junior Achievement of NEPA, United Way of Wyoming Valley, Unico National Wilkes-Barre Chapter, Allied Services Greater Autism Classic, and Fine Arts Fiesta.

"Northern Pennsylvania is made up of unique and vibrant communities, each with a rich history and distinct needs," said Magistro. "I look forward to working alongside our employees to strengthen relationships, provide the financial resources our customers need and contribute to the region's continued success."

M&T Bank has a strong presence in Northern Pennsylvania, with a network of 34 branches and over 45 ATMs serving the region from Centre County to Wayne County, inclusive of Pottsville, Scranton, State College, Stroudsburg, Wilkes Barre, Williamsport, and the surrounding areas. Its local engagement model ensures that decisions about community activities, grants, and lending are made locally, enabling a more personalized approach to banking.

About M&T Bank

M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.

Media Contact:
Frank Lentini
(929) 651-0447
flentini@mtb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-appoints-carmen-magistro-as-northern-pennsylvania-regional-president-302391439.html

SOURCE M&T Bank

FAQ

When will Carmen Magistro start as MTB's Northern Pennsylvania Regional President?

Carmen Magistro has been appointed effective March 2025, taking over from Phil Johnson who is retiring at the end of 2024.

How many branches does MTB operate in Northern Pennsylvania?

M&T Bank operates 34 branches and over 45 ATMs across Northern Pennsylvania, from Centre County to Wayne County.

What is Carmen Magistro's experience at MTB?

Magistro joined M&T Bank in 2009 and has over 22 years of financial services experience, specializing in commercial, business, and government banking.

What areas does MTB's Northern Pennsylvania region cover?

The region covers Pottsville, Scranton, State College, Stroudsburg, Wilkes Barre, Williamsport, and surrounding areas from Centre County to Wayne County.