Elevating Leadership: Shannon Lazare Takes Helm at M&T Bank

Introducing Shannon Lazare as New Jersey Regional President

M&T Bank has made a significant leadership change by appointing Shannon Lazare as the New Jersey Regional President. This seasoned banker is renowned for her expertise and is set to drive local growth initiatives while enhancing community engagement. Shannon succeeds Tom Comiskey, who has transitioned into a broader role within the bank after nearly a decade of leadership in New Jersey.

Shannon Lazare's Impactful Journey at M&T Bank

Joining M&T Bank in 2013, Shannon quickly climbed the ranks, initially serving as a Senior Relationship Manager in Business Banking. By 2019, she had taken on the role of Regional Manager, demonstrating her adaptability and commitment to the bank's strategic goals. With over 20 years of industry experience under her belt, her background includes prestigious positions at J.P. Morgan Chase, Wachovia, and Valley National Bank.

Leadership Transition and Vision

Tom Comiskey, the previous Regional President, praised Shannon's leadership capabilities. He highlighted that her extensive knowledge of the New Jersey market will be invaluable as she leads initiatives aimed at economic growth and community support. Under her leadership, the focus will remain on enhancing M&T's community engagement and building lasting relationships with local businesses.

Community Engagement and Economic Development Goals

Shannon's commitment to community involvement is evident from her active participation in various local initiatives. Her leadership role will see her overseeing M&T's charitable foundations, which allocated funding exceeding $2.7 million to over 175 local nonprofits last year. This endeavor reflects her belief in the importance of giving back to the communities that the bank serves.

Commitment to Building Connections

Expressing her excitement about the new role, Shannon stated, "I am honored to step into the role of Regional President and lead a team that is deeply committed to New Jersey's growth and prosperity." She emphasized her dedication to ensuring that M&T Bank effectively supports local businesses, thereby fostering economic opportunities for residents.

Strengthening M&T Bank's Presence in New Jersey

M&T Bank has established a robust presence in New Jersey with 64 branches, maintaining its ranking among the top 10 SBA lenders for the past decade. The bank’s localized engagement model ensures that decisions related to community lending and grants are made with the unique needs of the community in mind, allowing for tailored solutions.

About M&T Bank

M&T Bank, headquartered in Buffalo, New York, operates as a financial holding company with a robust network of banking products and services across the eastern United States. From Maine to Virginia and Washington, D.C., M&T Bank provides essential financial services and trust-related offerings. For more insights about M&T Bank, you can find further information on their official website.

Frequently Asked Questions

Who is Shannon Lazare?

Shannon Lazare is the newly appointed New Jersey Regional President of M&T Bank, bringing over 20 years of banking experience.

What initiatives will Shannon Lazare oversee?

She will lead local growth and community engagement programs, focusing on economic development and charitable contributions.

What was Shannon's previous role before becoming Regional President?

Before her current appointment, Shannon served as the Regional Manager for Business Banking at M&T Bank.

How does M&T Bank contribute to the community?

M&T Bank supports local nonprofits and charitable initiatives, having awarded over $2.7 million to more than 175 organizations last year.

What is M&T Bank's presence in New Jersey?

M&T Bank operates 64 branches in New Jersey and is recognized as a leading SBA lender in the region.

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