M&T Bank continues to dominate deposit market share in the Buffalo Niagara region.

M&T's 'mission': create more activity in downtown Buffalo

M&T is trying to stimulate more activity downtown through its "Mission Main Street" initiative.

For the 15th straight year, M&T led the list of banks serving the Buffalo Niagara region, controlling 61.2% of the region’s deposits, according to Federal Deposit Insurance Corp. data. That percentage was virtually identical to a year earlier. KeyBank was No. 2, at 12.4%, almost unchanged from last year.

Each year, the FDIC takes a one-day snapshot of banks’ deposits – on June 30 – providing a glimpse of how they stack up against each other in a given market.

Banks often hold deposits from large corporate or institutional customers at certain offices,

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