Bank official, formerly Chief Financial Officer (CFO) at M&T, is set to depart from the financial institution

Bank official, formerly Chief Financial Officer (CFO) at M&T, is set to depart from the financial institution

M&T Bank Announces Departure of CFO Darren King

M&T Bank has announced that Darren King, its Senior Executive Vice President and Chief Financial Officer (CFO), is leaving the company effective August 10, 2023. The bank disclosed this news on Wednesday.

King served as M&T Bank's CFO from 2016, having taken over from René Jones in that role. He joined M&T Bank in 2000 and has been a 24-year veteran of the company. Before becoming the CFO, he was the retail-banking executive overseeing business banking functions for M&T's branch and ATM network, and also supervised the bank's marketing and communications division.

The Securities and Exchange Commission (SEC) filing did not provide a reason for King's departure or name his successor. However, Tracy S. Woodrow has taken over the CFO position at M&T Bank. Woodrow serves as a Regional President and has recently been appointed to a key leadership role within the bank.

The role of the president and chief operating officer at M&T Bank remains vacant. Rich Gold, who previously held this position, retired last year. M&T Bank lost another high-ranking executive last year, with Gold's departure following the departure of Daryl Bible, who joined Truist in 2019 after merging BB&T. Bible's experience in merging BB&T and Truist was seen as beneficial for M&T Bank in 2023, during its onboarding of People's United.

Eric Feldstein remains head of business banking at M&T Bank, while Rich McCarthy remains head of retail banking. The purchase licensing rights were not mentioned in the provided paragraph. As of the latest updates in August 2025, there is no current publicly available information indicating a new appointment or change in the president and COO role at M&T Bank. The CEO is René F. Jones, but no specifics about the current president and COO status have been disclosed in the provided sources.

Prior to joining M&T Bank, King held senior leadership roles, including vice president of the financial services practice, at Mercer Management Consulting, the predecessor firm to Oliver Wyman. King's departure comes as a surprise to many in the banking industry, as he has been a key figure in M&T Bank's leadership team for many years. It remains to be seen who will take up his responsibilities and how this change will impact M&T Bank moving forward.

Darren King's departure as CFO of M&T Bank signifies a shift in the bank's financial leadership, given his extensive experience in business banking functions. The bank will need to strategize and navigate changes in finance operations as they search for a successor to fill King's role.

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