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Briefcase

Business news of local interest

BUFFALO, N.Y.

M&T among loan leaders

M&T Bank announced it ranked seventh in the nation for total loans during the Small Business Administration’s fiscal year.

M&T Bank extended 1,403 SBA 7(a) loans to small business owners for a total of $172.6 million over the course of the year, representing a 12.4 percent jump in loans made from 2017 levels.

M&T Bank has been one of the top 10 most active SBA 7(a) lenders in the U.S. over the past 10 years, and during that time the company has increased its SBA 7(a) lending 103 percent in loans and 137 percent in dollar volume.

NORFOLK, Va.

Company declares dividend

On Tuesday, Norfolk Southern Corp. announced the regular quarterly dividend of 80 cents per share on its common stock, payable on Dec. 10 to shareholders of record on Nov. 2.

Since its inception in 1982, Norfolk Southern has paid dividends on its common stock for 145 consecutive quarters.

Norfolk Southern is scheduled to announce its quarterly results today.

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