Buffalo-based M&T Bank has promoted Jeff Carpenter into the role of the bank’s regional president of Massachusetts.
M&T Bank acquired People’s United Bank, a Connecticut-based chain with offices in Worcester, as part of a $7.6-billion deal in 2021. Carpenter joined M&T from People’s United in 2022, having served as M&T’s executive vice president, head of specialty and corporate banking since 2023.
“Jeff’s appointment underscores M&T Bank’s commitment to strong, local leadership in Massachusetts as we continue to grow our presence in across New England,” Augie Chiasera, M&T Bank’s senior executive vice president and head of community markets, said in a Monday press release announcing Carpenter’s hiring. “Having been part of M&T for years, Jeff brings a deep understanding of our culture and strategy and will now lead an already strong, deeply engaged team in Boston.”
Carpenter spent nine years at People’s United prior to the merger, having previously worked about seven years employed at Sovereign Bank, now known as Santander Bank, according to his LinkedIn profile.
He graduated from Bentley University in 2005 with a bachelor’s degree in finance, and serves on the boards of organizations including the YMCA of Greater Boston and the Greater Boston Chamber of Commerce.
“I am honored to be given the opportunity to lead this extraordinary team as M&T deepens its impact while supporting innovation in Massachusetts,” Carpenter said in the press release. “Choosing where to bank is personal. M&T combines the strength of a large bank with local, tailored service, allowing us to support customers and communities in meaningful ways. I look forward to working across the team to strengthen client service and deliver results that help people grow their businesses, buy homes, and reach their goals.”
M&T Bank employs 678 people across its 61 branches in Massachusetts. Eight of those branches are in Central Massachusetts, with four locations in Worcester, two in Shrewsbury, one in Marlborough, and one in Westborough.
The bank is the 23rd largest in Central Massachusetts, with $472.6 million in local deposits and $209.8 billion in total assets, according to information compiled by the WBJ Research Department.
Eric Casey is the managing editor at Worcester Business Journal, who primarily covers the real estate and banking & finance industries.
