M&T Bank Center: Naming Rights Secured for Mohawk Harbor Event Center

Rhea-AI Summary

M&T Bank has secured exclusive naming rights for a new state-of-the-art events venue at Mohawk Harbor in Schenectady, NY. The M&T Bank Center, set to open in Summer 2025, will serve as a regional hub for live entertainment, sporting events, and community celebrations. The venue will be home to Union College's Division 1 hockey programs and host year-round entertainment. This multi-year naming rights agreement is part of a larger partnership between M&T Bank and Galesi Group to support Schenectady's revitalization. The center is being built within Mohawk Harbor, a $650 million mixed-use development that includes luxury apartments, hotels, offices, retail, and the Rivers Casino & Resort. M&T Bank has also played a crucial role in financing both the center's construction and previous phases of the Mohawk Harbor redevelopment.

Positive

• Strategic expansion into entertainment venue naming rights strengthens M&T Bank's brand presence in the Capital Region
• Partnership provides long-term revenue stream through multi-year naming rights agreement
• Investment supports M&T Bank's market position in Upstate New York and the Northeast
• Demonstrates M&T Bank's commitment to community development and regional economic growth

Negative

• Financial terms of the naming rights agreement not disclosed
• Long-term financial commitment during uncertain economic conditions
• Return on investment dependent on venue's success and attendance

M&T Bank, Galesi Group forge expanded partnership to fuel Mohawk Harbor's emergence as an entertainment destination

SCHENECTADY, N.Y., June 5, 2025 /PRNewswire/ -- M&T Bank (NYSE:MTB) and the Galesi Group have launched a major partnership that will expand their collaborative efforts to accelerate and sustain the revitalization of Schenectady's Mohawk Harbor. Under their agreement, M&T Bank has secured the exclusive naming rights to the new state-of the-art events venue that Galesi Group is building in the heart of Mohawk Harbor.

"We are truly honored to introduce our community to the M&T Bank Center. In addition to serving as an attraction for entertainment, we're confident the M&T Bank Center will become a catalyst for economic development and civic pride, locally and regionally," said Charles Pinckney, M&T Bank Regional President for the Capital Region and Hudson Valley. "Schenectady's ongoing revitalization is critically important to the long-term growth of the entire Capital Region. When the M&T Bank Center officially opens, Mohawk Harbor will be further poised to emerge as an entertainment destination that will encourage tourism, business growth, new investment, residential activity, and more. We're grateful to the Galesi Group for their vision and collaboration."

Set along the waterfront of the revitalized Mohawk Harbor in Schenectady, the M&T Bank Center will become a regional hub for live entertainment, sporting events, community celebrations, and special functions. The venue is slated to open in Summer 2025, bringing new energy and economic opportunity to Schenectady and the Capital Region.

The M&T Bank Center will be the home of Union College's Division 1 hockey programs and will host headline entertainment acts year-round.

"We are excited to partner with M&T Bank on what will be one of the Capital Region's most vibrant and versatile event venues," said David Buicko, President and CEO of the Galesi Group. "M&T's commitment to community and regional growth makes them the perfect partner for this project at Mohawk Harbor."

This naming rights agreement—a multi-year commitment from M&T Bank—reinforces the bank's dedication to investing in the development and growth of the communities it serves in Upstate New York and across the Northeast. It also builds on longstanding efforts to support Schenectady's revitalization. M&T Bank played an important role in convening financing partners and deploying capital to assist Galesi Group with the construction of the M&T Bank Center as well as previous phases of the Mohawk Harbor redevelopment.

Mohawk Harbor, a $650 million mixed-use development along the Mohawk River, is home to luxury apartments, hotels, offices, retail, and the Rivers Casino & Resort. The M&T Bank Center will further expand the harbor's appeal as a premier destination for residents and visitors alike.

More details about the M&T Bank Center's grand opening and programming schedule will be announced in the coming weeks and available at mandtbankcenter.com.

About M&T
M&T 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. 

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Media Contact:
Thea Pecht
(716) 512-4448
tpecht@mtb.com

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SOURCE M&T Bank Corporation

FAQ

What is the M&T Bank Center and when will it open?

The M&T Bank Center is a new state-of-the-art events venue in Schenectady's Mohawk Harbor that will host live entertainment, sporting events, and community celebrations. It is scheduled to open in Summer 2025.

How does the M&T Bank Center naming rights deal affect MTB stock?

The naming rights deal represents a strategic investment in brand visibility and community development, though specific financial terms were not disclosed. The impact on MTB stock will depend on the venue's success and the terms of the multi-year agreement.

What events will be held at the M&T Bank Center?

The M&T Bank Center will be home to Union College's Division 1 hockey programs and will host headline entertainment acts year-round, along with community celebrations and special functions.

What is the significance of M&T Bank's investment in Mohawk Harbor?

M&T Bank's investment is part of a larger $650 million mixed-use development project aimed at revitalizing Schenectady's Mohawk Harbor area, demonstrating the bank's commitment to community development and regional economic growth.

How is M&T Bank involved in the Mohawk Harbor development beyond naming rights?

M&T Bank has played a key role in convening financing partners and deploying capital for both the center's construction and previous phases of the Mohawk Harbor redevelopment project.