M&T Bank cuts the ribbon for the last multicultural banking center in East Hartford, CT
Local elected officials and business leaders join M&T leaders
EAST HARTFORD, Conn., October 24, 2022 /PRNewswire/ — M&T Bank has officially opened a new multicultural banking center in East Hartford last week on October 18. The branch joined over 100 existing such centers across the M&T footprint, part of the bank’s ongoing efforts to deliver a distinctive M&T experience shaped by customer preferences and perspectives in culturally diverse communities.
M&T Multicultural Banking Centers are intended to serve as community centers where customers can receive banking services in their preferred language and with an understanding of their culture. The centers create opportunities for businesses, nonprofits, and community members to attend networking events, financial literacy classes, collaborate on community projects, and more.
The East Hartford The branch employs bilingual, Spanish and English bankers fluently recruited from the surrounding community. M&T offers a 10% bilingualism bonus to employees who pass their fluency assessment.
“It’s important for our clients to not only have bankers who speak their language, but also bankers who are like them and understand their cultural attributes and banking behaviors,” said David Femi, Head of Multicultural Banking and Diversified Market Strategy, M&T Bank. “We are an end-to-end community bank, and our mission is to take every step possible to ensure that we meet the needs of our customers. An important part of that is having people who live in their communities at the service of their friends, family and neighbors. Our teams in our designated multicultural branches will meet the cultural and linguistic needs of our customers and our communities. We have seen this successful and differentiated multicultural model flourish elsewhere, and we are excited to bring this first branch in Connecticut in our new expanded footprint. »
“We are delighted to offer additional banking services to the East Hartford community. Our multicultural banking centers make a big difference in people’s lives,” said Michael Weinstock, Hartford Regional Chairman, M&T Bank. “Our cultural understanding in banking closes divisions and financially empowers diverse populations which in turn uplifts communities. It is incredibly powerful for customers to be able to walk into a new bank branch and be greeted by someone who not only speak their language, but also understand their community, because they are members of that community. It is an important step for M&T Bank to open this first of what will be more multicultural banking centers across Connecticut.”
“East Hartford The strength is its wonderful mix of people who live here, which brings diversity and varied life experience. That’s what makes this city so special. But residents often face challenges caused by language barriers, so what M&T is doing is smart business, but also great for the community,” said Michael P. WalshMayor of East Hartford.
State Representative Henry Gengawhich represents East Hartfordalso celebrated the inaugural event by providing a citation from his office, highlighting the importance of M&T Bank’s commitment to the East Hartford community.
The new 2,750 square foot banking center is located at 957 Main St in East Hartford. The branch is full-service, offering the full suite of consumer and business deposit and lending products, including residential mortgages. The East Hartford the location also has an ATM and ATM services.
M&J Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T main banking subsidiary, M&J Bank, provides banking products and services in 12 states in the eastern United States, from Maine to Virginia and Washington, D.VS. Trust-related services are provided in certain markets in the United States and abroad by M&T Companies affiliated with Wilmington Trust and by M&J Bank.
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SOURCE M&T Bank Corporation