M&T Mortgage Corp. has been merged into M&T Bank as of Jan. 1, the company has announced.The statement came at the bottom of a news release whose primary function was to announce the opening of the bank's first retail banking office in New Jersey. The statement said, "The move allows M&T to serve customers more effectively, creates marketing synergies, and improves operating efficiency. The merger does not affect terms and conditions or account numbers on customer mortgages." M&T Bank is a subsidiary of M&T Bank Corp., Buffalo, N.Y.
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