M&T Bank

M&T Bank Corporation (NYSE: MTB), headquartered in Buffalo, New York, stands as one of America's premier regional banking institutions with a rich 169-year history dating back to 1856. With $211.3 billion in total assets as of September 2025, over 1,000 branches spanning 12 states and Washington D.C., and more than 21,000 employees, M&T has built a reputation for relationship banking, conservative risk management, and unwavering commitment to the communities it serves.

Founded during Buffalo's industrial heyday as Manufacturers and Traders Bank by entrepreneurs Pascal Paoli Pratt and Bronson Case Rumsey with $200,000 in capital, M&T was established to meet the financing needs of durable manufacturing businesses that existing banks could not serve. The bank opened its doors on August 29, 1856 at Two East Swan Street in Buffalo, in a city that had become the world's largest grain port with 19.7 million bushels handled that year. Under the leadership of its first president, Henry Martin, M&T declared its first dividend on January 1, 1857, establishing a tradition of financial stability that has endured for nearly two centuries.

Under the visionary leadership of Chairman and CEO René F. Jones, who has led the bank since 2017 and previously served as CFO from 2005 to 2016, M&T has evolved into a diversified financial services powerhouse operating through three core segments. The Commercial Bank segment provides lending, leasing, letters of credit, deposit products, cash management, and strategic investment banking services through M&T Securities. The Retail Bank segment serves consumers and small businesses through extensive branch networks, digital platforms, and ATMs with deposit accounts, mortgage products, home equity loans, credit cards, and business banking services. The Institutional Services and Wealth Management segment, anchored by Wilmington Trust (acquired 2010), delivers global corporate and institutional services, private banking, investment management, and fiduciary services to high-net-worth clients and corporations.

M&T's growth strategy has centered on strategic, transformative acquisitions in attractive markets. The 2015 acquisition of Hudson City Bancorp added $19 billion in loans and 135 branches across New Jersey, downstate New York, and Connecticut after a three-year regulatory approval process. Most significantly, M&T completed the $7.6 billion all-stock acquisition of People's United Financial in April 2022, creating a $200+ billion banking franchise covering 12 states from Maine to Virginia plus Washington D.C., marking M&T's first major acquisition since 2015 and dramatically expanding its retail footprint in attractive Northeast and Mid-Atlantic markets.

For full year 2024, M&T reported net income of $2.59 billion, or $14.64 of diluted earnings per common share, on a solid foundation of relationship banking and disciplined credit underwriting. The bank's capital position has strengthened for seven consecutive quarters, with the CET1 capital ratio reaching an estimated 11.67% at December 31, 2024, up from 11.54% at September 30, 2024. M&T repurchased $200 million of common stock in Q4 2024 and an additional $662 million in Q1 2025, demonstrating confidence in its financial strength and commitment to shareholder value creation. With a market capitalization of approximately $28 billion and total assets of $211 billion, M&T Bank exemplifies the power of relationship banking, conservative risk management, and deep community commitment that has enabled it to thrive through 169 years of American economic history.