M&T Bank eases back from ailing commercial real estate sector

After betting big on commercial real estate, M&T Bank will dial down its exposure because of market conditions and a nudge from regulators.

Nearly 40% of M&T’s loan portfolio is concentrated in offices, hotels and other commercial property. That’s well above the average of 14% for regional banks. To help whittle down the figure, the bank will hold fewer construction and hotel loans on its books and offload certain assets.

“Not every penny we originate needs to stick to our balance sheet,” said Peter D’Arcy, M&T’s head of commercial real estate, adding the bank has no specific target in mind when it comes to diluting its concentration.

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