US financial institution M&T Bank has announced plans to commission a new state-of-the-art data center in Western New York during 2014.

An annual message to shareholders from bank chairman and CEO Robert Wilmers said the financial company has invested about $60m over the past three years into data centers to meet current business needs and to strengthen systems in the event of disasters.

Wilmers said the new facility to be commissioned in Western New York will “house terabytes of data equivalent of 400 times the books housed in the Library of Congress”.

Plans to invest $20m to upgrade its web and mobile banking functions “substantially” were also revealed in the message on the company website.

“We are not neglecting the needs of our businesses and our customers, while we go about the important work of enhancing infrastructure and reshaping the M&T culture for the new banking environment,” Wilmers said.

More on the New York data center industry will be discussed today at DatacenterDynamics New York City, at the Marriott Marquis.