M&T Bank Appoints Charles Pinckney as Hudson Valley Regional President
Rhea-AI Summary
M&T Bank (NYSE: MTB) has appointed Charles Pinckney as Hudson Valley Regional President, expanding his current role as Albany Regional President. Pinckney, who joined M&T in 2008, will succeed Mark Stellwag following his planned retirement at the end of 2024.
In his expanded position, Pinckney will oversee both regions while working with the community bank leadership team across various divisions including retail, business, commercial banking, and wealth management. He brings significant experience from leadership roles in commercial real estate, middle market, healthcare, and not-for-profit sectors.
Pinckney serves on multiple boards including the Capital Region Chamber and was recognized in Albany Business Review's Power 50: New Momentum list in 2023. M&T Bank maintains a strong regional presence with 40 branches across 20 counties in Albany and the Hudson Valley, implementing a local decision-making model for community activities, grants, and lending.
Positive
- Strategic leadership consolidation combining Albany and Hudson Valley regions under single management
- Local market expertise with Pinckney's extensive regional involvement and board positions
- Strong regional presence with 40 branches across 20 counties
- Decentralized decision-making model enabling faster local response
Negative
- Potential challenges in managing expanded territorial responsibilities
- Transition period as previous regional president approaches retirement
News Market Reaction – MTB
On the day this news was published, MTB declined 0.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
In this expanded role, Pinckney will partner closely with the community bank leadership team for the Hudson Valley – including members of its retail banking, business banking, commercial banking, wealth management, government banking, and charitable teams.
"A lifelong resident of the Capital Region with an enduring commitment to its communities, Charles is well-positioned to guide M&T Bank's efforts fostering economic growth and supporting local businesses," said Mike Keegan, M&T Bank Senior Executive Vice President and Head of Community Banking. "Charles is a proven leader with an exceptional track record in driving growth and creating opportunities that strengthen and uplift our local neighbors. He demonstrates an innate ability to connect with his colleagues and understands what makes a region successful."
Pinckney joined M&T Bank in 2008 and has held various leadership positions in M&T's commercial real estate, middle market, healthcare, and not-for-profit businesses. Throughout his tenure, he has been actively engaged in the community, serving as the Vice Chair of the Center for Disability Services Governing Board of Directors and Chair of the Center's Commercial Services Division. Pinckney also sits on the board of the Capital Region Chamber, the Center for Economic Growth (CEG) Leadership Board, and the Palace Theatre. He was named to the Albany Business Review's 40 Under 40 in 2016 and to the publication's Power 50: New Momentum list in 2023.
"I look forward to building on the leadership of my friend and colleague, Mark Stellwag, in the Hudson Valley," Pinckney said. "Working alongside M&T's Hudson Valley team, I've been closely connected to our efforts in the region and the many ways we make a difference for our local clients and communities. In remaining true to our community-based business model, our team will continue to be deeply embedded, collaborating with local businesses and nonprofits to help the region achieve its aspirations."
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About M&T Bank
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Media Contact:
Jillian Hammell
716-359-9483
jhammell@mtb.com
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SOURCE M&T Bank Corporation
