BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB) has promoted Janet M. Coletti, to executive vice president for human resources and to serve on the bank’s management committee.
Coletti has 30 years of experience at M&T. She began her career in 1985, as part of its management development program and has since held positions in retail banking and retail operations. Coletti has also provided support for many of the company’s bank acquisitions and conversions, M&T said in a news release. She assumed responsibility for the business banking division in 2010.
Comprised of the Buffalo–based banking company’s top 13 executives and led by Chairman and CEO Robert G. Wilmers, M&T’s management committee meets weekly to set the direction and oversee the performance of one of the nation’s 20 largest, independent commercial bank holding companies, according to the news release. Coletti will join the group in March.
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Coletti will succeed Steve Braunscheidel as head of the banking company’s human resources division, as he transitions to part-time status on March 1 after a 36-year career at M&T. Braunscheidel, who has worked for M&T since 1978 in various positions, will continue to consult with the bank, working on a part-time basis for the rest of the year, the release stated.
“With close to 16,000 employees, including more than 6,300 in our headquarters community of Buffalo, the human resources job is a crucial one and I am confident Janet is the right person to lead our workforce into the future,” Wilmers said in the release.
Coletti received her bachelor’s degree in economics from Mount Holyoke College. She is a member of the Small Business Banking Committee of the Consumer Bankers Association.
M&T Bank has branches in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, and the District of Columbia. It ranks number one in deposit market share in the 16-county Central New York region, with a nearly 20 percent share of all deposits, according to the latest FDIC data.
