M&T Bank Signs Letter of Intent to Buy Data Center in Amherst

M&T Bank MTB announced today that it has signed a letter of intent to purchase a building on Park Club Lane in the Town of Amherst, New York formerly operated as a data center by HSBC. M&T Bank plans to convert the 59,280 square foot building into its primary data center, then retrofit its current data center, located on Commerce Drive in Amherst, into additional office space. M&T said it will invest more than $105 million to improve and equip the two buildings over the next 10 years if the purchase goes through. The purchase is subject to additional due diligence and certain approvals from the Amherst Industrial Development Agency.