The Bank Slate


M&T hires retired Truist CFO Daryl Bible to fill same post

Daryl Bible didn’t stay retired very long.

M&T Bank in Buffalo, N.Y., said in a press release that Bible will become its chief financial officer in the second quarter. Bible retired as CFO of Truist Financial in September.

Bible joined BB&T in January 2008 from U.S. Bancorp and become the CFO nine months later. He kept the title when BB&T merged with SunTrust Banks to become Truist.

“Daryl is a highly respected banking veteran,” M&T Chairman and CEO René Jones said in the release. “His strong performance as a purpose-driven leader with unsurpassed acumen, including shepherding one of the largest financial services mergers in recent history, will be a key asset to our leadership as we continue to evolve our bank.”

Darren King, M&T’s current CFO, will assume an expanded set of responsibilities to include oversight of a portfolio of businesses, including retail and business banking, mortgage, and consumer lending.

The $198 billion-asset bank also said that Chris Kay will become head of enterprise platforms, which includes oversight of digital and enterprise payments. That move will take place in the second quarter.

“One of the core tenets of our operating model is having a seasoned and deep bench of executive leaders that often serve in many capacities during their tenure,” Jones said.

“This has allowed us to build on our experience and learnings for the overall benefit of the business,” Jones added. “Darren and Chris will be able to use their unique experiences to help M&T to evolve its business and serve our customers effectively.”

Leave a Reply

Your email address will not be published. Required fields are marked *