Friday, May 23, 2008

M&T executive brings banking expertise to Tedco

Lewin named to board of state technology corporation

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Jack Lewin has spent much of his career counseling business executives on financial matters. So it made sense that the vice president of commercial banking at M&T Bank was recently appointed by Gov. Martin O’Malley (D) to a four-year term on the board of the Maryland Technology Development Corp.

Created by the legislature in 1998, the corporation provides Maryland technology companies and university researchers with seed funding and technical assistance on matters such as commercializing their products. The entity has helped young companies leverage those dollars — at a rate of more than $35 to $1— into more funding from private, federal and other sources.

For the past four years, Tedco, based in Columbia, has been named the most active early-stage investor in the nation by Entrepreneur Magazine. The corporation has an annual general budget of about $5 million, but that does not include the Maryland Stem Cell Research Commission, an independent unit administered by Tedco.

‘‘Our goals are nicely aligned,” said Lewin, 36. ‘‘Tedco has been able to promote Maryland businesses on a national scale.”

Lewin’s financial experience — he is the only banker on the board — is a great asset to the board, said Renée M. Winsky, Tedco’s president and executive director.

‘‘Jack’s expertise with financing entrepreneurs — particularly technology entrepreneurs — is invaluable,” Winsky said.

Lewin grew up in Baltimore and earned a bachelor’s in comparative literature from Colorado College in Colorado Springs. He then received a master’s in business administration from the University of Virginia’s Darden School of Business and also studied at the University of Chile through an exchange program offered by the State University of New York.

Lewin joined M&T Bank — the fifth largest bank in Maryland in deposits with $7.05 billion as of last June, according to the Federal Deposit Insurance Corp. — in 2002 as a lending officer through the executive associate program. Before that, he was a manager for corporate strategy for a telecommunication company and an e-strategy consultant at EMC Corp.

‘‘I have had some tremendous mentors,” Lewin said. ‘‘I was fortunate to be on the other side of the table to gain more understanding of what companies need.”

He has been involved with the Tech Council of Maryland and the University of Maryland’s Maryland Industrial Partnerships Program, as well as the arts organization Potters Guild of Baltimore.

Lewin lives in Baltimore with his wife, Nancy, and two daughters. In his spare time, he enjoys fishing and camping.