M&T Bank said Monday that it is the ninth-largest lender of small business loans in the nation.
The Buffalo-based bank is also the No. 1 small business lender in Buffalo, Rochester and Baltimore, according to data it received from the U.S. Small Business Administration. It issued 692 SBA 7(a) loans during the federal fiscal year, which ended Sept. 30.
"Our top 10 ranking reflects M&T's expertise and unwavering commitment to serving small business in our communities," Darren King, M&T's executive vice president for business banking, said in a release.
In the SBA's Buffalo and Rochester district, M&T issued 210 7(a) loans during the latest federal fiscal year totalling $25.3 million, SBA data shows. The bank also issued 13 third-party loans and nine loans to veterans-owned businesses.