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February 20, 2023 / 2023 Power 50

2023 Power 50: 23. Michael Weinstock

Michael Weinstock

Buffalo, New York-based M&T Bank didn’t have the smoothest transition last year following its purchase of People’s United Bank, experiencing problems related to technology and account conversions and other issues that led to frustrated customers and politicians. 

It’s part of Michael Weinstock’s job to turn things around for the bank this year. 

Weinstock was named M&T Bank’s Hartford regional president in 2022, following the People’s United deal. 

Previously, Weinstock was M&T Bank’s Connecticut market president since 2015, responsible for starting up and operating all of the bank’s activities within the state. A UConn alum, he joined M&T, which has $197 billion in assets, in 1996 and previously worked as a middle market lending group manager.

In one of the bank’s early moves following the People’s acquisition, it opened a new multicultural branch in East Hartford.

Weinstock recently told the Hartford Business Journal that labor pressures, interest rates and digital banking trends will have the greatest impact on the industry in 2023. 

One of his jobs is to recruit talent. 

“In Connecticut, we’re seeing a battle for talent in the banking industry as we’re looking to identify and grow tenured and seasoned people,” he said. “For newer entrees to the industry, we must focus on investment in training and professional development.”

Find out who else is in the 2023 Power 50.

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