Editing M&T Bank (section)

{{Short description|American bank}}
{{Infobox company
| name = M&T Bank Corporation
| logo = M&T Bank wordmark.svg
| image = M&T Plaza.jpg
| image_size = 250px
| image_caption = [[One M&T Plaza|M&T Bank headquarters]] in Buffalo
| type = [[Public company|Public]]
| traded_as = {{ubl|class=nowrap|{{NYSE|MTB}}|[[S&P 500|S&P 500 component]]}}
| founded = {{Start date and age|1856|8|29}}
| location = [[One M&T Plaza]]<br />[[Buffalo, New York]], U.S.
| key_people = René F. Jones ([[chairman]] and [[Chief Executive Officer|CEO]])<br />Kevin J. Pearson ([[vice chairman]])<br / >Daryl N. Bible ([[Chief Financial Officer|CFO]])
| industry = {{ubl|[[Bank]]ing|[[Financial services]]}}
| products = {{ubl|class=nowrap|[[Retail banking]]|[[Commercial banking]]|[[Investment Banking]]|[[Investment Management]]|[[Private banking]]}}
| revenue = {{decrease}} US$9.3 billion (2024)
| net_income = {{decrease}} US$2.6 billion (2024)
| assets = {{decrease}} US$208.1 billion (2024)
| equity = {{increase}} US$29.0 billion (2024)
| num_employees = 21,873
| num_employees_year = 2024
| subsid = {{ubl|class=nowrap|[[Wilmington Trust]]}}
| website = {{url|http://www.mtb.com/}}
| footnotes = <ref name=10K>{{cite web| url=https://www.sec.gov/ix?doc=/Archives/edgar/data/36270/000156459022005400/mtb-10k_20211231.htm | title=M&T Bank Corporation 2021 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]] |date=16 February 2022}}</ref>
}}{{Use American English|date=July 2023}}
{{Use mdy dates|date=July 2023}}[[File:M&T Bank footprint.png|thumb|right|Map of M&T Bank branches, as of February 2021]]
[[File:M&T Center main st side.JPG|thumb|right|350px|M&T Center, Buffalo]]

'''M&T Bank Corporation''' (Manufacturers and Traders Trust Company) is an American [[bank holding company]] headquartered in [[Buffalo, New York]].<ref name="auto">{{Cite web|url=http://fortune.com/fortune500/mt-bank-corp/|title=M&T Bank Corp.|website=Fortune|access-date=2018-12-31}}</ref> It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia.<ref name=10K/><ref name=:>{{Cite web|url=https://www.wtnh.com/news/connecticut/hartford/mt-launches-multicultural-banking-center-in-east-hartford/|title=M&T launches 'multicultural banking center' in East Hartford|last=Pierce|first=Kent|date=18 October 2022|website=WTNH}}</ref> Until May 1998, the bank's holding company was named First Empire State Corporation.<ref>{{cite web |url=https://ir.mtb.com/static-files/a757d70f-10f3-46f4-b1f0-98b9cf8a8482 |format=PDF |title=First Empire State Corporation Changes Name To M&T Bank Corporation |date=May 19, 1998 |website=ir.mtb.com}}</ref>

M&T Bank has been profitable in every quarter since 1976.<ref>{{cite news | url=https://finance.yahoo.com/news/buffett-stocks-focus-m-t-171933197.html | title=Buffett Stocks in Focus: M&T Bank | first=Ben| last=Reynolds | work=[[Yahoo! Finance]] | date=March 3, 2017}}</ref> Other than [[Northern Trust]], M&T was the only bank in the [[S&P 500]] not to lower its dividend during the [[2008 financial crisis]].<ref>{{cite news | url=http://www.institutionalinvestor.com/article/2978254/banking-and-capital-markets-banking/m-t-banks-bob-wilmers-is-too-sharp-to-fail.html | title=M&T Bank's Bob Wilmers is Too Sharp to Fail | first=John | last=Engren | work=[[Institutional Investor (magazine)|Institutional Investor]] | date=February 20, 2012}}</ref>

The bank owns the [[Buffalo Savings Bank]] building in downtown Buffalo, [[Bridgeport Center]] in [[Bridgeport, Connecticut]],<ref>{{cite web | url=https://www.wshu.org/news/2021-08-06/m-t-bank-says-it-will-maintain-new-england-headquarters-in-bridgeport-after-peoples-united-merger?_amp=true | title=M&T Bank Says It Will Maintain New England Headquarters in Bridgeport After People's United Merger | date=6 August 2021 }}</ref> and the M&T Tech Hub in the [[Seneca One Tower]].<ref>{{Cite web|url=https://www.buffalorising.com/2021/04/mt-bank-unveils-buffalo-tech-hub-seneca-one/|title=M&T Bank Unveils Buffalo Tech Hub @ Seneca One|date=19 April 2021|website=Buffalo Rising}}</ref> It also sponsors [[M&T Bank Stadium]], home of the [[Baltimore Ravens]], as well as M&T Bank Auditorium and M&T Bank Atrium of the [[University at Buffalo]]. M&T Bank is the official bank of the [[Buffalo Bills]] in [[Western New York]] and of their home [[Highmark Stadium (New York)|Highmark Stadium]] in [[Orchard Park, New York|Orchard Park]]. [[Wilmington Trust]] is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services.