Editing M&T Bank

{{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.

==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>

==Mergers and acquisitions==
Between 1945 and 1966, M&T acquired 18 local banking institutions.<ref name="mtb2006"/> Between 1987 and 2022, M&T Bank acquired 24 financial institutions, as follows:<ref>{{cite web | title=Investor Relations: Acquisitions | url=http://ir.mandtbank.com/acquisitions.cfm| publisher=M&T Bank}}</ref>

===1920s===
* December 1925: merged with [[Fidelity Trust Building|Fidelity Trust Company]] under the name [[Manufacturers and Traders Trust Company]]<ref name="mtb2006"/>
* May 1927: acquired the [[People's Bank of Buffalo]]<ref name="mtb2006"/>

===1940s===
* June 1945: acquired the First National Bank of [[Kenmore, New York|Kenmore]]<ref name="mtb2006"/> 
* October 1945: acquired the Citizens National Bank of [[Lancaster, New York|Lancaster]]<ref name="mtb2006"/>
* December 1945: acquired the American Bank of [[Lackawanna, New York|Lackawanna]]<ref name="mtb2006"/>

===1980s===
* December 1987: acquired East New York Savings, which operated 15 branches in metropolitan [[New York City]]<ref name="mtb2006"/>

===1990s===
* January 1990: acquired $486 million in deposits and 11 offices in Rochester from Monroe Savings Bank of [[Rochester, New York]]<ref name="mtb2006"/>
* September 1990: acquired $1.3 billion in deposits and 13 offices (9 in Buffalo and 4 in Rochester) of Empire of America Savings Bank of Buffalo<ref name="mtb2006"/>
* May 1991: acquired $2.1 billion in deposits and 14 branches of [[Buffalo Savings Bank|Goldome Bank]] of Buffalo<ref name="mtb2006"/>
* July 1992: acquired $1.1 billion asset Central Trust of [[Rochester, New York]], and the $300 million asset Endicott Trust of [[Binghamton, New York]].<ref>{{cite news | url=http://buffalonews.com/1992/02/23/mt-buys-central-trust-endicott-bank-fast-growing-buffalo-bank-pays-111-million-for-two-midlantic-subsidiaries/ | title=M&T Buys Central Trust, Endicott Bank Fast-Growing Buffalo Bank Pays $111 Million for Two MidAtlantic Subsidiaries | work=[[The Buffalo News]] | date=February 23, 1992 |url-access=subscription }}</ref> 
* December 1994: acquired $146 million in deposits from the [[Hudson Valley]] branches of [[Chemical Bank]]; and $470 million in assets and $339 million in deposits from Ithaca Bancorp of [[Ithaca, New York]].
* July 1995: acquired Hudson Valley branches of [[Chase (bank)|Chase Manhattan]]
* January 1997: acquired Green Point Bank branches of [[Westchester, New York]]
* June 1999: acquired First National Bank of Rochester 
* April 1998: acquired OnBank of [[Syracuse, New York]]<ref>{{cite news | url=https://www.bizjournals.com/albany/stories/1997/11/03/story5.html | title=M&T parent adopts bank with local branches | first=Barbara | last=Pinckney | work=[[American City Business Journals]] | date=November 3, 1997}}</ref>
* September 1999: acquired 29 Chase Bank Branches in Buffalo, [[Jamestown, New York|Jamestown]], and [[Binghamton, New York|Binghamton]] New York.<ref>{{cite news | url=https://www.bizjournals.com/buffalo/stories/1999/05/31/daily9.html| title=M&T Bank To Acquire 29 Chase Branches | work=[[American City Business Journals]] | date=June 4, 1999}}</ref>

===2000s===
* October 2000: acquired Keystone Financial of Central Pennsylvania<ref>{{cite news | title=M&T Bank to Acquire Keystone Financial | url=https://www.latimes.com/archives/la-xpm-2000-may-18-fi-33634-story.html | work=[[Los Angeles Times]] | agency=[[Bloomberg News]] | date=May 18, 2000}}</ref>
* February 2001: acquired Premier Nation Bancorp of [[Newburgh, New York|Newburgh]]<ref>{{cite news| title=Company News: M & T Bank in Deal to Acquire Premier National Bancorp | work=[[The New York Times]] | url=https://www.nytimes.com/2000/07/11/business/company-news-m-t-bank-in-deal-to-acquire-premier-national-bancorp.html| agency=[[Associated Press]] | date=July 11, 2000}}</ref>
* April 2003: acquired Allfirst Bank of [[Baltimore]], a subsidiary of [[Allied Irish Banks]] of [[Ireland]], in exchange for 26.7 million shares of M&T and $886 million in cash.<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/mt-bank-corporation-consummates-acquisition-of-allfirst-financial-inc-70775897.html | title=M&T Bank Corporation Consummates Acquisition of Allfirst Financial Inc. | publisher=[[PR Newswire]] | date=April 1, 2003 }}{{Dead link|date=March 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite news | url=https://www.baltimoresun.com/2003/04/02/allfirsts-sale-to-m-bank-is-completed/ | archive-url=https://archive.today/20150629041356/http://articles.baltimoresun.com/2003-04-02/business/0304020117_1_mt-bank-bank-branches-property-of-mt | url-status=live | archive-date=June 29, 2015 | title=Allfirst's sale to M&T Bank is completed | first=William | last=Patalon III | work=[[The Baltimore Sun]]| date=April 2, 2003}}</ref> At the direction of Irish government financial regulators, AIB sold its 22% ownership interest in M&T in 2010.<ref>{{cite news| url=https://dealbook.nytimes.com/2010/10/06/allied-irish-selling-2-2-billion-mt-stake/ | title=Allied Irish Selling $2.2 Billion Stake in M&T | work=[[The New York Times]] | date=October 6, 2010}}</ref>
* June 2006: acquired 21 [[Citibank]] branches in Buffalo and [[Rochester, New York|Rochester]]<ref>{{cite news | url=https://www.washingtonpost.com/wp-dyn/content/article/2008/12/19/AR2008121901016.html | title=M&T Agrees to Buy Provident Bank | first=Binyamin | last=Appelbaum | newspaper=[[The Washington Post]] | date=December 20, 2008}}</ref>
* December 2007: acquired Partners Trust Financial Group, including 33 branches in [[upstate New York]], for $555 million.<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/mt-completes-partners-trust-acquisition-58521222.html | title=M&T Completes Partners Trust Acquisition | publisher=[[PR Newswire]] | date=December 3, 2007 | access-date=May 21, 2017 | archive-url=https://web.archive.org/web/20150402044210/http://www.prnewswire.com/news-releases/mt-completes-partners-trust-acquisition-58521222.html | archive-date=April 2, 2015 | url-status=dead }}</ref>
* December 2007: acquired 12 [[First Horizon National Corporation]] branches in the greater [[Washington, D.C.]], and Baltimore markets.<ref>{{cite news| title=M&T buys First Horizon branches | url=https://rbj.net/2007/09/25/mt-buys-first-horizon-branches/| last=Adams | first=Thomas | work=[[American City Business Journals]] | date=September 25, 2007}}</ref>
* May 2009: acquired [[Provident Bank of Maryland]] in a stock transaction.<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/mt-bank-corporation-completes-acquisition-of-provident-bankshares-corporation-61967512.html | title=M&T Bank Corporation Completes Acquisition of Provident Bankshares Corporation | publisher=[[PR Newswire]] | date=May 26, 2009 }}{{Dead link|date=March 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
* August 2009: The [[Federal Deposit Insurance Corporation]] (FDIC) seized Bradford Bank and sold all its deposits and most assets to M&T.<ref>{{cite press release | url=https://www.fdic.gov/news/news/press/2009/pr09155.html | title=Manufacturers and Traders Trust Company, Buffalo, New York, Assumes All of the Deposits of Bradford Bank, Baltimore, Maryland | publisher=[[Federal Deposit Insurance Corporation]] | date=August 28, 2009}}</ref> M&T and the FDIC agreed to share future losses on $338 million worth of Bradford's assets.<ref>{{cite news| url=https://www.bizjournals.com/albany/stories/2009/08/31/daily3.html| title=Feds seize Bradford Bank; M&T to buy assets | first1=Gary| last1=Haber | first2=Joanna | last2=Sullivan | work=[[American City Business Journals]] | date=August 31, 2009}}</ref>

===2010s===
* November 2010: acquired K Bank of Baltimore, Maryland
* May 2011: acquired [[Wilmington Trust]] for $351 million in stock.<ref>{{cite news | url=https://www.bizjournals.com/buffalo/news/2010/11/01/mt-to-acquire-delaware-bank.html | title=M&T to acquire Delaware bank | work=[[American City Business Journals]] | date=November 1, 2010}}</ref>
* August 2012: M&T announced the acquisition of [[Hudson City Bancorp]] for $3.7 billion. The bank had $25 billion in deposits and $28 billion in loans and 135 brick-and-mortar branch locations including 97 in New Jersey.<ref>{{cite news | url=https://dealbook.nytimes.com/2012/08/27/mt-bank-to-buy-hudson-city-bancorp-for-3-7-billion | title=M&T Bank to Buy Hudson City Bancorp for $3.7 Billion | work=[[The New York Times]] | date=August 27, 2012}}</ref> The acquisition was delayed for 3 years due to a money laundering case involving an M&T branch and the acquisition closed on November 2, 2015.<ref>{{cite press release | url=http://www.prnewswire.com/news-releases/mt-bank-corporation-completes-acquisition-of-hudson-city-bancorp-inc-300170124.html | title=M&T Bank Corporation Completes Acquisition of Hudson City Bancorp, Inc. | publisher=[[PR Newswire]] | date=November 2, 2015}}</ref><ref>{{cite news| url=https://www.wsj.com/articles/m-t-bank-completes-acquisition-of-hudson-city-after-3-year-delay-1446470410 | title=M&T Bank Completes Acquisition of Hudson City After 3-Year Delay | first=Rachel Louise | last=Ensign | work=[[The Wall Street Journal]] | date=November 2, 2015 |url-access=subscription }}</ref><ref>{{cite news | url=https://www.wsj.com/articles/SB10001424127887324520904578553381911952960 | title=Fed Cites M&T for Anti-Money Laundering Problems | first=Michael R. | last=Crittenden | work=[[The Wall Street Journal]]| date=June 18, 2013 |url-access=subscription }}</ref><ref>{{cite news| url=http://www.bizjournals.com/buffalo/news/2014/06/18/drug-money-laundering-probe-costs-m-t-560.html?page=all | title=Drug money-laundering probe costs M&T $560K | first=Allissa | last=Kline | work=[[American City Business Journals]] | date=June 18, 2014}}</ref>

===2020s===
*April 2022: acquired [[People's United Bank]] in an all-stock transaction valued at approximately $8.3 billion.<ref>{{cite news | url=https://reorg.com/pbct-mtb-mt-bank-peoples-united-to-form-diversified-banking-franchise-in-7-6b-all-stock-transaction/ | title=PBCT/MTB: M&T Bank, People's United to Form Diversified Banking Franchise in $7.6B All-Stock Transaction | work=[[Reorg]] | date=February 22, 2021}}</ref><ref>{{cite news | url=https://www.wsj.com/articles/m-t-bank-nears-all-stock-deal-for-peoples-united-11613956815 | title=M&T Bank to Buy People's United for $7.6 billion | work=[[WSJ]] | date=February 22, 2021}}</ref><ref>{{cite news | url=https://buffalonews.com/business/local/m-t-ready-to-capitalize-on-peoples-deal/article_89b8f17e-9f1f-11ec-9341-b30675891876.amp.html | title=M&T ready to capitalize on People's deal | work=The Buffalo News | date=March 11, 2022}}</ref><ref>{{Cite web|url=https://vermontbiz.com/news/2022/april/04/mt-bank-completes-83-billion-acquisition-peoples-united|title=M&T Bank completes $8.3 billion acquisition of People's United|date=4 April 2022|website=Vermont Biz}}</ref>  The acquisition was completed on April 2, 2022.<ref>{{cite press release | url=https://newsroom.mtb.com/2022-04-02-M-T-Bank-Corporation-Completes-Acquisition-of-Peoples-United-Financial,-Inc | title=M&T Bank Corporation Completes Acquisition of People's United Financial, Inc. | publisher=M&T Bank | date=April 2, 2022}}</ref>

==References==
{{Portal|Banks}}
{{Reflist|30}}

==External links==
*{{Official|https://www3.mtb.com}}
{{Finance links
| name      = M&T Bank
| symbol    = MTB
| google    = MTB:NYSE
| yahoo     = MTB
| bloomberg = MTB:US
| sec_cik   = 36270
}}

{{Authority control}}

{{DEFAULTSORT:MandT Bank}}
[[Category:Banks based in New York (state)]]
[[Category:Companies based in Buffalo, New York]]
[[Category:American companies established in 1856]]
[[Category:Banks established in 1856]]
[[Category:Companies listed on the New York Stock Exchange]]