M&T Bank is once again expanding its downtown Buffalo real estate footprint.
Effective Aug. 15, the region's largest bank began leasing 2,269 square feet on the first floor of the Lafayette Court building. Ten members of the bank's growing central technology division are moving into the space formerly occupied by Rep. Louise Slaughter, the Democrat whose Congressional district was recently reapportioned.
Spokesperson Chet Bridger said M&T (NYSE: MTB) needs more room for the technology group as the bank "adds customers, expands technology-based bank services for customers and takes on new projects."
Combined, M&T now leases more than 98,000 square feet in the Lafayette Court building, Bridger said. Located near the Main-Court streets intersection, the building sits between M&T's headquarters at One M&T Plaza and the M&T Center, the bank's gold-dome complex near Fountain Plaza.
The eight-story former department store - whose tenants include Bryant & Stratton College and Buffalo Business First - is managed by Ciminelli Real Estate Corp. It also houses M&T's information security and commercial planning and analysis divisions, as well as the bank's Buffalo Promise Neighborhood project group.