BUFFALO, N.Y. (AP) — M&T Bank Corp. said Tuesday that Vice Chairman Michael P. Pinto has resigned from its board due to a serious medical condition.
Pinto, 57, will continue as vice chairman of the company's primary banking subsidiary on a part-time basis in an advisory role.
Pinto joined M&T Bank in 1985 and was appointed as executive vice president and chief financial officer in 1996. He was named vice chairman of M&T Bank and elected to the boards of M&T and M&T Bank in 2003. He became chairman and CEO of the Mid-Atlantic division of M&T Bank in 2005. Pinto was appointed vice chairman of M&T in 2007.
M&T named President Mark J. Czarnecki as chief operating officer and will take on additional responsibilities for the day-to-day management of the company. Czarnecki, 58, will continue to report to Chairman and CEO Robert Wilmers.
The company said that CFO Rene Jones and Executive Vice President Kevin Pearson were named vice chairmen of M&T Bank. They will now report to Wilmers. Jones, 49, succeeded Pinto as CFO in 2005. He now takes on responsibility for Wilmington Trust, M&T Bank's wealth and institutional trust management subsidiary, and for M&T Bank's treasury division. Pearson, 52, will oversee the bank's entire commercial banking line of business.
Its shares finished at $114.85 on Monday.