Timothy Wade, Regional President of M&T Bank, NH
Timothy Wade was leading M&T Bank’s efforts to grow its New England customer base when it acquired People’s United Bank in April. The $8.3 billion deal significantly expands M&T’s footprint, making it the 11th largest bank nationwide. The combined bank now employs more than 22,000 people in a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia.
In NH alone, M&T employs 190 employees at 25 branches. “People’s did a great job of growing in New England and we’re here to build on that,” Wade says. “New England is a hotbed for growth.” Wade was tapped to lead NH.
“We want to be a big bank with a small bank feel,” Wade says, adding People’s and M&T share the same commitment to community banking. He says local decision making will allow M&T to make a meaningful difference. “As communities prosper, banks prosper. We have a real push to be part of improving communities,” he says.
The M&T Charitable Foundation will invest $25 million into New England over the next three years, says Wade. And, in NH, according to Wade, the bank’s focus will be on affordable housing and early childhood education, among other efforts.
Wade has committed most of his career to banking, previously working at Key Bank and Chase, with stints running his own consulting business and running a group of nursing homes.
He says his most important leadership skills are “empathetic, effective listening followed by demonstrated understanding, mentorship and active participation in solution building.” His leadership style was built from his years as an athlete, having played football in college and various sports in high school. “I am a big believer in the values taught and lessons learned stemming from participation in organized sports,” he says, adding, “with my knees, I am now resigned to golf and pickle ball.”
Wade grew up in Illinois and says the move to NH was a homecoming of sorts. His wife is from Laconia and attended high school in Manchester.