On Friday, November 5, 2010, K Bank was seized, one year shy of their 50th Anniversary.
All seven branches of K Bank reopened on Saturday as M&T Bank.Those seven branches will be completely closed as of November 12, 2010, and K Bank customers, who are now M&T Bank customers, will have to use one of M&T’s 123 local locations instead.
K Bank’s closure marks the 5th to close in Maryland since January 2009. They are the largest of the local institutions to be closed. They join Bay National Bank as the two closed in Maryland this year.
K Bank once was the major lender for commercial developments in the Baltimore real estate market. When the real estate market took a downtown, K Bank began to struggle.
M&T bought both Provident Bank and Bradford Bank in 2009, according to an article in the Baltimore Business Journal. M&T Bank is the second largest bank in the Baltimore area, though their base & headquarters are in Buffalo, NY.
If you were a K Bank customer, you are now an M&T Bank customer, and should get information as to how to change over shortly.