M&T Bank

M&T Bank

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More info of M&T Bank

Like other well-known institutions in the United States, M&T Bank carries a great legacy that has contributed to the economic history of this country. With this in mind, we are compelled to show you a little more about its past and present.

M&T Bank today

Known as the M&T Bank Corporation, this financial group has a history dating back to the 19th century.

Today it is headquartered in Buffalo (NY), operates more than a thousand branches in different eastern states (Connecticut, Delaware, Maine, Massachusetts, Maryland, New Hampshire, New Jersey, New York, New York, Pennsylvania, Vermont, Virginia, West Virginia and the District of Columbia) and has at least 1,800 ATMs.

Prior to this name, it was known as the First Empire State Corporation, which was renamed in 1998.

Today, it is considered a community-based institution and therefore provides services related to personal banking, mortgages, insurance, investments, commercial financial services, loans, retirement options and much more.

This company also owns Buffalo Savings Bank and Wilmington Trust, a subsidiary company that provides global corporate services in categories such as investment management, private banking and trust funds.

In addition to sponsoring the Baltimore Ravens stadium, it is the official bank of the Buffalo Bills, both NFL teams.

M&T Bank is also a Fortune 500 institution and is considered the 25th largest in the U.S. in terms of assets ($155 billion in 2021).

It is a company listed on several New York Stock Exchange indexes and in recent years has a profitability comparable to banks ranked in the top 10.

Values associated with M&T Bank

Despite its history of just over 160 years, M&T Bank is considered large enough to be profitable and unfamiliar enough to have a loyal customer base.

This is not only due to a management that has been able to deal with turbulent times, but also to the mission that is embedded in its values as a company.

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If you are one of those people who take this aspect into account when comparing products or institutions, M&T has a very clear strategy to attract and retain customers.

They seek to be one of the best companies to work for, the best institution for their users and an excellent investment for their shareholders, they also promise:

• To give you transparency at all times to earn your trust.
• Always do the right thing to help you achieve your financial goals.
• Improve the communities where they are protagonists, favoring common success.
• Work as hard for your money as you do with policies that generate positive results.
• Value your time and money by making your banking experience simple, fast and uncomplicated.
• Seeking to understand priorities with the intention of providing guidance tailored to the needs of customers, communities and businesses.

A brief history of M&T Bank

M&T Bank traces its origins to its founding in 1856 as the Manufacturers and Traders Trust Company. The development of this organization would be marked by different periods of prosperity and crisis, which forged the character that has catapulted it to be one of the most important in the United States.

In this process, it is worth highlighting some of its most relevant acquisitions:

• In the late 1980s, they added the assets of East New York Savings (1987) and Monroe Savings Bank of Rochester, NY (1989).
• During the 1990s, they added assets from KeyBank, Empire of America Savings Bank of Buffalo, Goldome Bank, Central Trust, Endicott Trust, Ithaca Bancorp, First National Bank of Rochester and OneBank of Syracuse (NY). Also, offices of several institutions, such as Chemical Bank, Chase Manhattan and Green Point Bank.
• In this new century, entities such as Keystone Financial of Central Pennsylvania, Premier Bancorp of Newburgh, Allfirst Bank of Baltimore, Partners Trust Financial Group, Provident Bank of Maryland, Wilmington Trust and Hudson City Bancorp were added.
• In 2021, the purchase of People's United Bank was announced and completed in 2022, adding its offices and expanding M&T Bank's presence into states where it did not already have one, such as Vermont, Massachusetts or New Hampshire.

While these acquisitions are integral to M&T Bank's progress, so has been its business model within the industry.

It is an entity that claims to value the talent of its employees, seeks to promote cooperation among its diverse teams, contribute to the needs of communities and continually improve its offerings.

It cannot be overlooked that M&T Bank has a 160-year history and a solid reputation in the marketplace.

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