Financial Mines

News and notes from the business reporters for the Connecticut Media Group.
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Archive for November 28th, 2012

A 12 Days of Christmas that’s 99 percent less expensive

Wednesday, November 28, 2012 by:Rob Varnon
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The figures are in for the 12 Days of Christmas, a whopping $107,300, according to the Associated Press. That’s an increase of 6.1 percent from last year.

Here in the Mines, we realize not everyone is in the tax bracket that can afford the 12 Days, so we offer you another 12 Days of Christmas list courtesy of Bob and Doug McKenzie, famed Canadian philosophers from the Great White North. The McKenzies put their list together more than two decades ago and today, it’s total cost is $409.13, give or take a few bucks. That’s about 99 percent cheaper than the cost of the traditional list. We didn’t include the tree.

Just in case you’re unfamiliar with the McKenzies, here’s a link to an animated video of their performance:

http://www.youtube.com/watch?v=l2oPio60mK4

Here are the items and a cost estimate taken locally in Connecticut and from the web for you to enjoy. Beauty, eh?

Buffalo-based M&T Bank plans to open in Stamford

Wednesday, November 28, 2012 by:Rob Varnon
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Manufacturers and Traders Trust Co., a New York-chartered bank and trust company has filed an application with the Connecticut Banking Department to open its first  commercial branch in Stamford.

The branch would be located at 4 High Ridge Park, where M&T’s Wilmington Trust Wealth Management office is.

M&T Bank Corp., according to its website, is one of the 20 largest independent bank holding companies in the U.S., with assets of $80.8 billion. It has more than 725 branches, 2,000 ATMs, and more than 15,000 employees working in New York, Pennsylvania, Maryland, Delaware, Washington D.C., Virginia, West Virginia, New Jersey, and Ontario, Canada.

The bank was founded more than 156 years ago.

A call to the bank’s corporate headquarters was  not immediately returned.

Shares in M&T were trading around $97.62 on Wednesday morning.