M&T Bank files objection to proposed Endicott Interconnect sale

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July 25, 2013

Endicott Interconnect’s bankruptcy proceedings have been delayed after a creditor objected to the company’s plans to sell its assets. M&T Bank filed an objection to the proposed sale to a company owned by James T. Matthews, a member of the family that currently owns Endicott Interconnect. According to the filing, M&T is objecting to the sale of the company for $250,000 without transferring to the new owners the $6.4 million owed to M&T.

Endicott Interconnect filed for bankruptcy earlier this month, ten years after local investors formed the company with taxpayer support.