M&T Bank
 |
|
| Public | |
| Traded as | : MTB S&P 500 Component |
| Industry | Financial services |
| Founded | August 30, 1856 |
| Headquarters |
One M&T Plaza Buffalo, New York, U.S. |
|
Key people
|
Robert G. Wilmers, Chairman and CEO René F. Jones, CFO Mark J. Czarnecki, President |
| Products |
Consumer Banking Corporate Banking Investment Banking Investment Management Global Wealth Management |
| Revenue |
 US$4.996 billion (2015)
|
|
US$1.36 billion (2016) |
|
| Total assets |
$123.449 billion (2016)
|
| Total equity |
US$16.17 billion (2015) |
|
Number of employees
|
16,331 (2016) |
| Website | www.mtb.com |
M&T Bank Corporation is a United States bank holding company. Founded in 1856 in Western New York state as "Manufacturers and Traders Trust Company", the company headquarters are in Buffalo.
As of 2014, M&T Bank held $134.4 billion in assets, making it the 17th largest commercial bank holding company in the U.S. It operates more than 800 branches in New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and Washington, D.C. New Jersey and Connecticut. It also operates private wealth offices across the United States and in Europe.
Warren Buffett's Berkshire Hathaway financial investment syndicate owns 5.66% of M&T's shares. The bank owns the original Buffalo Savings Bank building in downtown Buffalo. M&T Bank also sponsors M&T Bank Stadium, home of the Baltimore Ravens. M&T Bank is the official bank of the Buffalo Bills in Western New York and of their home Stadium New Era Field in Orchard Park, New York
From 1987 to 2009, M&T Bank acquired 20 companies. In December 1987 M&T Acquired East New York Savings. In January 1989 M&T Acquired Monroe Savings Bank of Rochester, New York In September 1990 M&T Acquired part of the Assets of Empire of America Savings bank in Buffalo, New York along with KeyBank and others. In May 1991 M&T acquired part of the Assets of Golddome Bank in Buffalo, New York along with KeyBank and others. In July 1992 M&T acquired Central Trust and Endicott Trust of Rochester, New York and Binghamton, New York. In December 1994 M&T acquired Chemical Bank Branches of Hudson Valley, New York. Also Ithaca Bancorp of Ithaca, New York. In July 1995 M&T Acquired Chase Manhattan Branches of Hudson Valley, New York. In January 1997 M&T acquired Green Point Bank Branches of Westchester, New York. In June 1999 M&T acquired First National Bank of Rochester of Rochester, New York. In 1998, M&T Bank acquired the assets of OnBank in Syracuse, New York. In September 1999 M &T Bank acquired 29 Chase Branches of Buffalo, Jamestown, and Binghamton, New York. In October 2000 Keystone Financial of Central Pennyslvania was Acquired by M&T. In February 2001 Premier Nation Bancorp was acquired by M&T.
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Wikipedia