Skip to main content

M&T Bank President Mark J. Czarnecki Dies at 61

Phil Hall
Mar 01, 2017
Mark J. Czarnecki

Mark J. Czarnecki, who worked his way up form assistant branch manager to become president and chief operating officer at M&T Bank, passed away on Sunday at the age of 61. Czarnecki has been hospitalized in Buffalo, N.Y., and was diagnosed with pancreatic cancer.
 
According to a Bloomberg News report, joined M&T in 1977 as an assistant branch manager. He became part of the bank’s investment group in 1994 and was named president of M&T Securities the following year. He became the bank’s president in 2007 and chief operating officer in 2014. As of the end of 2016, M&T reported net income of $1.3 billion and total assets of $123.4 billion; the company has more than 17,000 employees working in 775 offices in eight states and the District of Columbia.
 
Czarnecki also served as chairman of the New York Bankers Association in 2010, and was on the board of trustees at Canisius College in Buffalo, where he received an MBA in 1991.
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021