MTB Acquires N.Y. Agency
|NU Online News Service, Oct. 22, 11:04 a.m.EDT?Matthews, Bartlett & Dedecker Inc., a wholly ownedsubsidiary of Buffalo, N.Y.-based M&T Bank, has acquired theLounsbury Insurance Agency in Manlius, N.Y.
|The Lounsbury agency was founded in 2001 by Tucker H. Lounsbury,its president. He will become a vice president of MBD and willserve as the manager of the property-casualty insurance operationin the Syracuse, N.Y. region.
|Terms of the deal were not disclosed.
|M&T Bank has reported assets of $50 billion.
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