2008-05-06 — ml-implode.com
This just in today, a M & T employee sends the following message to brokers:
The official announcement (view here) followed shortly thereafter. An "unnamed source" told us they will be closing Montgomery AL Op's center, and continue Wholesale from their 'footprint' areas, which is 15 Eastern States, plus WA, CO, UT, and OR.
We previously reported on M & T's consolidation in our 2008-01-31 newsletter (premium membership required).
There's something wrong here. M & T says they are in full retreat to the bank footprint, they let go of the AE's, and say they are still in the wholesale lending business. But the announcement clearly states the last closing date is Jue 13th. How can you cut off all your AE's and Brokers, and say you are still in the business? Please get in touch with the Implode-O-Meter if you know the answer to this!
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.