M&T Bank announces management restructuring to help pending merger

M&T Bank has broadened the responsibilities of three regional executives to help facilitate the pending acquisition of Hudson City Savings Bank.

Executives Gino Martocci, Peter D”™Arcy and Paula Mandell are part of a new management structure  established to help M&T integrate Hudson City Savings Bank, which has of 135 branches in New Jersey,  New York and Connecticut.

Hudson City Savings Bank has largely focused  on deposits and residential mortgages. M&T will extend its commercial banking operations into Hudson City”™s branches.

Mandell, based in Tarrytown, has served as regional president in Westchester and Rockland counties since 2001, and will continue to manage M&T’s commercial banking in New Jersey and Connecticut. She will work with Martocci to build M&T”™s commercial banking operations and client base in New Jersey and Connecticut.

Martocci was appointed metro area executive for M&T, and will oversee  M&T”™s businesses in  New York City, Long Island, northern New Jersey, central New Jersey, Connecticut, Westchester County and Rockland County.

D”™Arcy has been promoted to succeed Martocci as New York City regional president.

With the merger, M&T will be hiring more than 200 people in the tristate area this year. The bank estimates 70 of those new positions have been filled so far.  About a dozen new of those new hires are  in the Westchester County and Fairfield County, Conn. markets.

The merger, which is subject to regulatory and shareholder approval, is expected to close in the second quarter of 2013.

Both D”™Arcy and Mandell will report to Martocci.

Martocci will continue to report to New York City-based Executive Vice President Kevin Pearson, who is part of the company”™s 14-member management group.