M&T Bank Corporation is a bank holding company for M&T Bank, which operates 704 branch offices in New York, Maryland, Pennsylvania, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia. The company is headquartered in Buffalo, New York. M&T Bank Corporation is one of the largest bank holding companies in the United States. Since 2003, M&T Bank has been the sponsor of the stadium in which the Baltimore Ravens football team plays. The right to call the stadium M&T Bank Stadium costs M&T Bank Corporation $5 million per year through 2018; the total cost of the 15-year deal is $75 million.
Through the Treasury’s Capital Purchase Program, M&T Bank Corporation received $600 million, in exchange for 600,000 shares of Preferred Stock and a ten-year warrant to purchase up to 1,218,522 shares of the company’s common stock.
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| Federal Equity Investment | $600 million |
| Total Revenue | $4.6 billion (2007) $4.4 billion (2008) |
| Net Income | $654.3 million (2007) $555.9 million (2008) |
| Number of Employees | 12,422 |
| Corporate Headquarters | Buffalo, New York |
| Business Sector | Bank |
| Officers and Directors | Wilmers, Robert, Chairman of the Board, Chief Executive Officer |
| Corporate Website | http://www.mandtbank.com |
| Executive Compensation | M&T Bank |
2008 M&T Bank 10-K (Annual Report)
No federal contracts located.
No political contributions located.
December 24, 2008 M&T Bank cuts deal for Treasury funds Baltimore Business Journal
December 19, 2008 M&T to buy smaller Provident as bank consolidation continues Financial Week
November 30, 2008 M&T to receive $600M from Treasury Department The Central New York Business Journal
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