OREANDA-NEWS. Michael J. Todaro has been appointed to the Management Committee of M&T Bank, where he serves as Executive Vice President overseeing the Mortgage and Customer Asset Management division.

Comprised of the company’s top executives and led by Chairman and CEO Robert G. Wilmers, M&T’s Management Committee meets weekly to set the direction and oversee the performance of one of the 20th largest U.S.-based commercial bank holding companies. A full list of the committee members can be found at newsroom.mtb.com/leadership-team.

As Executive Vice President, Todaro is responsible for managing more than 1,800 employees across the bank’s footprint. 

“During his 21-year tenure with the bank, Mike has contributed significantly to the growth and success of our mortgage business, and with his team of mortgage professionals, fulfills one of the most important and impactful obligations we have to the communities we serve,” said M&T Bank Chairman and CEO Robert G. Wilmers. 

Todaro began his career with M&T in 1995, serving in a number of positions within the Mortgage Division. Prior to joining M&T, he was responsible for national mortgage operations at Citicorp Mortgage and held various positions at Marine Midland Mortgage Corporation and The Federal Reserve Bank of New York.

Todaro holds a Bachelor of Arts from Colgate University and a Master of Business Administration (MBA) from New York University’s Stern School of Business. He also serves on the executive committee for the Financial Services Roundtable’s Housing Policy Council and as director of the Bayview Lending Group, Lafayette Settlement Services and M&T Mortgage Reinsurance Company, Inc.  

He is also active in the community and currently serves on the Board of Directors of Artpark.   

Todaro lives in Clarence, N.Y. with his wife and two children.