Editing M&T Bank (section)

==History==
===19th century===
In the mid-19th century, few banking options existed for the growing number of manufacturers in the city of Buffalo. As a result, businessmen Pascal Pratt and Bronson Rumsey founded M&T Bank in 1856 as "Manufacturers and Traders Trust Company".<ref>{{cite book |last1=Goldman |first1=Mark |title=High hopes : the rise and decline of Buffalo, New York |date=1983 |publisher=[[State University of New York Press]] |location=Albany |isbn=9780873957359 |pages=70–71}}</ref> Henry Martin, former president of the [[Attica and Buffalo Railroad]], was appointed the first president and assigned a salary of $1,000 a year.<ref name="mtb2006"/> The company opened its first office on August 29 of that year at 2 East Swan Street in Buffalo.<ref name=history>{{cite web | title=Newsroom: History | url=https://newsroom.mtb.com/about-mtbank/history/ | publisher=M&T Bank | access-date=2018-02-08 | archive-url=https://web.archive.org/web/20180815163504/https://newsroom.mtb.com/about-mtbank/history/ | archive-date=2018-08-15 | url-status=dead }}</ref> In 1885, Martin retired as president, at the age of 83, and was succeeded by Pascal Pratt, who had served as Vice President since the bank was formed.<ref name="mtb2006"/>

===20th century===
In 1901, the bank built a new headquarters on a site purchased for $210,000 near the southwest corner of Main and Swan Streets in Buffalo. The granite neo-classical building was designed by architect [[E. B. Green]] of Green & Wicks. By 1914, Robert Livingston Fryer was the bank's President. In 1917, Harry T. Ramsdell, the bank's fourth president, served as a district chairman for a special subscription committee of the national [[Liberty Loan]] program.<ref name="mtb2006">{{cite web |title=M&T Bank Celebrates 150 Years |url=https://ir.mtb.com/static-files/f93b59c8-addf-4e8f-a36a-293baad36b5d |website=ir.mtb.com |publisher=M&T Bank |access-date=18 January 2023 |location=[[Buffalo, New York]] |date=August 24, 2006}}</ref>
 
Following the 1925 merger with [[Fidelity Trust Building|Fidelity Trust]], the $100 million company was headed by Fidelity's President, 36-year-old [[Lewis G. Harriman]]. Harriman and a group of investors including [[A. H. Schoellkopf]], from the [[Jacob F. Schoellkopf|founding family]] of the [[Niagara Mohawk]] power company, and [[James V. Forrestal]], who would become the first [[U.S. Secretary of Defense]], own enough shares to control both Fidelity and M&T.<ref name="mtb2006"/>

In 1961, M&T acquired an entire block on Main Street between North Division and Eagle Streets in downtown Buffalo and began plans for a $12 million skyscraper to become the bank's new headquarters. In 1963, architect [[Minoru Yamasaki]], who was featured on the cover of [[Time (magazine)|''Time'' magazine]] that year as he was designing the [[World Trade Center (1973–2001)|World Trade Center]] in New York City, was retained by M&T to design its new building in Buffalo, which was completed in 1967. In 1964, Charles W. Millard succeeded Harriman as chairman of M&T.<ref name="mtb2006"/>

In 1969, M&T's stockholders voted to create a multi-bank holding company known as First Empire State Corporation. In 1983, the bank which had assets of $2 billion and operated 60 offices, named [[Robert G. Wilmers]] as chairman and CEO, a position he held until his death in December 2017.<ref name=history/> In 1995, First Empire formed a national bank subsidiary, M&T Bank, N.A.<ref name="mtb2006"/>

[[File:M&T Bank, Tamaqua, PA.jpg|thumb|300x300px|An M&T Bank location in [[Tamaqua, Pennsylvania]]]]
===21st century===
In 2008, M&T received a $600 million investment by the [[United States Treasury]] as a result of the [[Troubled Asset Relief Program]] (TARP) and M&T assumed another $482 million in TARP obligations from its acquisitions.<ref name=health>{{cite news| url=https://dealbook.nytimes.com/2012/04/09/despite-good-health-bank-holds-tight-to-tarp-loans/ | title=Despite Good Health, Bank Holds Tight to TARP Funds| first=Peter | last=Eavis | work=[[The New York Times]] | date=April 9, 2012}}</ref> In 2012, the bank repaid $700 million of TARP funds.<ref name=health/>

In June 2014, a U.S. District Judge ordered M&T Bank to forfeit $560,000 that had been [[Money laundering|laundered]] through its [[Perry Hall, Maryland]], branch; from 2011 to 2013, Deanna Bailey went to the branch and had head teller Sabrina Fitts convert cash amounts from $20,000 to $100,000 into larger bills.<ref>{{cite press release | url=https://www.justice.gov/usao-md/pr/baltimore-drug-dealer-sentenced-money-laundering-scheme | title=Baltimore Drug Dealer Sentenced In Money Laundering Scheme | publisher=[[United States Attorney for the District of Maryland]] | date=February 24, 2014}}</ref> Fitts accepted a 1% transaction fee in exchange for not filing a [[currency transaction report]]. This violated the [[Bank Secrecy Act of 1970]].<ref>{{cite news | url=https://www.baltimoresun.com/business/bs-xpm-2014-06-18-bs-bz-mt-drug-laundering-20140618-story.html | archive-url=https://web.archive.org/web/20140625180907/http://articles.baltimoresun.com/2014-06-18/business/bs-bz-mt-drug-laundering-20140618_1_law-enforcement-drug-proceeds-perry-hall-branch | url-status=live | archive-date=June 25, 2014 | title=M&T Bank ordered to forfeit $560,000 of laundered drug proceeds | first=Michael | last=Bodley | work=[[The Baltimore Sun]] | date=June 18, 2014}}</ref>

On December 16, 2017, non-executive chairman Robert T. Brady became acting chairman and CEO.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/mt-bank-announces-passing-of-chairman-and-chief-executive-officer-robert-g-wilmers-300572364.html | title=M&T Bank Announces Passing of Chairman and Chief Executive Officer Robert G. Wilmers | publisher=[[PR Newswire]] | date=December 17, 2017}}</ref> On December 20, 2017, René F. Jones was appointed chairman and CEO.

In 2021, M&T Bank contributed $33.9 million to over 3,000 nonprofit organizations across eight states and the District of Columbia. The bank has donated more than $279.4 million to nonprofits over the past decade, and over $437.5 million to nonprofits over the past two decades.<ref>{{Cite web|url=https://cfhoco.org/2022-corporate-philanthropist-of-the-year-mt-bank-boosts-daily-lives-for-thousands-of-people/|title=2022 Corporate Philanthropist of the Year: M&T Bank boosts daily lives for thousands of people|last=Flynn|first=Dan|date=2 December 2022|website=Community Foundation of Howard County}}</ref>

In May 2022, M&T announced a $25 million initiative to support lower-income communities and underrepresented groups. The new Amplify Fund will be deployed over three years with most of the funds set to be distributed to Connecticut-based organizations and other north-eastern states where People’s United had operated. M&T announced that $9 to $11 million will be distributed by the end of 2022, with the rest of the funds to be distributed over the next two year and expects to fund approximately 60 to 70 organizations in the initiatives first phase.<ref>{{cite journal|date=18 May 2022|url=https://www.newstimes.com/business/article/M-T-Bank-announces-25M-philanthropic-initiative-17180315.php?t=f50b0feecf&src=nthpbusiness|title=M&T Bank announces $25M philanthropic initiative, CT set to receive most funds|journal=News Times|access-date=19 May 2022}}</ref>

In August 2022, M&T announced a partnership with [[Stefon Diggs]]; Diggs served as a brand ambassador for M&T’s “Football Brings Us Together” campaign.<ref>{{Cite web|url=https://www.buffalorumblings.com/2022/8/17/23309457/stefon-diggs-is-the-newest-bills-player-to-partner-with-m-t-bank|title=Stefon Diggs is the newest Bills player to partner with M&T Bank|last=Warren|first=Tom|date=August 17, 2022|website=Buffal Rumblings}}</ref>

In October 2022, M&T launched its Multicultural Banking Center in [[East Hartford, Connecticut]]; the bank has 118 multicultural locations.<ref name=:/><ref>{{Cite web|url=https://buffalonews.com/business/local/m-t-bank-using-multicultural-branches-to-expand-outreach/article_065df9c4-7584-11ec-b8c0-d7374fa786f0.html|title=M&T Bank using "multicultural branches" to expand outreach|last=Glynn|first=Matt|date=19 January 2022|website=Buffalo News}}</ref>

In 2022, M&T was listed as one of the ''Best Places to Work for Disability Inclusion'' by the Disability Equality Index (DEI) for its fourth consecutive year.<ref>{{Cite web|url=https://delawarebusinesstimes.com/news-briefs/mt-bank-disability-inclusion/|title=M&T Bank named a Best Place to Work for Disability Inclusion|last=Rocheleau|first=Michael|date=15 July 2021|website=Delaware Business Times}}</ref><ref>{{Cite web|url=https://disabilityin.org/what-we-do/disability-equality-index/2022companies/|title=2022 Best Places to Work|website=Disability Equality Index}}</ref>