WBEN Buffalo Business Report - Tuesday, July 14th 2020

BankOnBuffalo Receives Regulatory Approval For Bank of Akron Deal

Randy Bushover
July 14, 2020 - 3:57 am
BankOnBuffalo Acquisition of Bank of Akron Gets Regulatory Approval

CNB Bank parent company CNB Financial Corporation has received full regulatory approval for its acquisition of the Bank of Akron.  The merger was announced in December of last year and gained Bank of Akron shareholder approval last March.  It will officially be completed later this month at a reported cost of $64.5 million.  After that, Bank of Akron branches will operate as BankOnBuffalo.

Visit Buffalo Niagara has begun a community-wide Customer Confidence Program.  The aim is to show Buffalo is determined to do what it takes to remain competitive as the tourism industry begins its recovery from the COVID-19 pandemic.  More than 30 hotels and meeting facilities are participating in the program, each offering a unique set of concessions and inducements to meeting planners, group tour operators and sports rights holders.

M&T Bank has made a $25,000 donation to FeedMore WNY to support COVID-19 response efforts benefitting local children and older adults.  On top of the monetary donation, M&T Bank also is pledging to provide in-person support at the organization’s distribution centers.

This Friday, Rochester-based Black Button Distilling will launch a Loganberry Gin in the Buffalo market.  

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