Buffalo is the home to the corporate headquarters of M&T Bank, which was founded in the city in 1856. M&T is one of the nation’s largest 20 banks, with $81 billion in assets and more than 15,000 employees, a third of which are located in the Buffalo area. M&T’s footprint includes 750 branches in:
- New Jersey
- New York
- Washington, D.C
- West Virginia
HSBC bank has a major back-office presence in Buffalo, with more than 3,000 employees located in the area. Key Bank, Bank of America, Citizens Bank, and several local banks also have a major branch presence in the region.
Buffalo is home to the headquarters of several major corporations, including Rich Products, Labatt USA, the New Era Cap Company, Sorrento Lactalis, and Delaware North Companies. Delaware North’s new headquarters, an $80 million, 12-story office tower with a 120-room Westin hotel, opened in 2016.
Seneca One Tower
Buffalo’s tallest building, the Seneca One Tower, was purchased in September by the second largest commercial real estate developer in the Washington, D.C. market, who plans to spend as much as $200 million on a mixed-use redevelopment in Buffalo, according to the Buffalo News. Construction has begun on the first stages of the project.