M&T Bank tops guaranteed loan list

SYRACUSE - M&T Bank, Alliance Bank and Adirondack Bank gave the most SBA-guaranteed loans in the 34-county Syracuse district of the U.S. Small Business Administration in 2009-10.

M&T Bank topped all large banks with an asset size of more than $10 billion with 159 loans totaling $22.7 million. In Jefferson, Lewis and St. Lawrence counties, the bank had seven loans worth $1 million.

Among large community lenders, Alliance Bank, Syracuse, was the most active in the region, with 20 loans worth $1.9 million. Among small community lenders, Adirondack Bank, Saranac Lake, approved 22 loans worth $2.5 million to take the top spot. Neither was active in Jefferson, Lewis or St. Lawrence counties.

In this area, Community Bank, N.A., also gave seven loans, but Watertown Savings Bank loaned the greatest amount at $1.6 million.

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