At a time when banks are tanking, Bob Wilmers has helped M&T Bank (MTB
) look very good. By virtue of the fact that Buffalo houses M&T corporate headquarters, it's a nice reflection on Buffalo as well.
This Fortune Magazine article on CNNmoney.com
pays high compliment to Wilmers as a savvy and strong CEO, with 25 years invested in M&T, who has mastered his ship well through an economic storm that affected everyone on some level. Still, Wilmers isn't ready to take credit for success only in terms of non-failure. As one can learn from the Fortune article, any early mistakes brought valuable lessons, and Wilmers has lent that knowledge in turn to the New York Federal Reserve, mainly in terms of what Wilmers and his executives have learned about borrowers.
With a community approach toward banking, Wilmers has formed good working relationships among his bankers and, through them, with the public they serve. That's pretty down to earth for a man who rides so high.