M&T Bank
Large American Regional Bank / From Wikipedia, the free encyclopedia
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M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York.[2] It operates 1,000+ branches in 12 states across the Eastern United States, from Maine to Northern Virginia.[1][3] Until May 1998, the bank's holding company was named First Empire State Corporation.[4]
Company type | Public |
---|---|
Industry | |
Founded | August 29, 1856; 167 years ago (1856-08-29) |
Headquarters | One M&T Plaza Buffalo, New York, U.S. |
Key people | René F. Jones (Chairman and CEO) Kevin J. Pearson (Vice Chairman) Richard S. Gold (President and COO) |
Products | |
Revenue | US$9.4 billion (2023) |
2,611,123,000 United States dollar (2022) | |
US$2.47 billion (2023) | |
Total assets | US$208.26 billion (2023) |
Total equity | US$26.96 billion (2023) |
Number of employees | 17,569 (2021) |
Subsidiaries | |
Website | www |
Footnotes / references [1] |
M&T Bank has been profitable in every quarter since 1976.[5] Other than Northern Trust, M&T was the only bank in the S&P 500 Index not to lower its dividend during the financial crisis of 2007–2008.[6]
The bank owns the Buffalo Savings Bank building in downtown Buffalo, Bridgeport Center in Bridgeport, Connecticut,[7] and the M&T Tech Hub in the Seneca One Tower.[8] It also sponsors M&T Bank Stadium, home of the Baltimore Ravens, as well as the University at Buffalo (M&T Bank Auditorium, M&T Bank Atrium). M&T Bank is the official bank of the Buffalo Bills in Western New York and of their home Bills Stadium in Orchard Park, New York. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services.