M&T Bank (MTB) looks to benefit as Bank of America (BAC) shutters its mortgage-servicing...

|By:, SA News Editor

M&T Bank (MTB) looks to benefit as Bank of America (BAC) shutters its mortgage-servicing operation in Western New York, not only growing its own servicing business, but taking over the lease for BofA's 132K square foot facility, and maybe hiring most if not all of the employees scheduled to be let go.