The FDIC's annual deposit market share report reveals that M&T Bank is still number one among Western New York depositors, with $14.3 billion. First Niagara Financial Group ranks #2, leap-frogging HSBC. First Niagara has $8.8 billion in local deposits; much of that due to its purchase of HSBC's upstate retail franchise operations.
Cleveland BioLabs has received orphan drug status for a drug under development that could treat a form of liver cancer.
Star Tribune Media Company of Minneapolis-St. Paul has agreed to resell the suite of marketing solutions for local businesses from LocalEdge.