M&T Bank has announced that it has signed a letter of intent to purchase a building on Park Club Lane in the town of Amherst, NY, formerly operated as a data center by HSBC.

“At M&T Bank, we’re pleased to be working with HSBC on this project to keep the data center generating new investment and jobs in the community,” said Mark J. Czarnecki, president of M&T Bank.

M&T Bank plans to convert the 59,280-sq-ft 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.