Where is the closest M&T Bank?
What the company is doing
M&T Bank Corporation is a holding bank based in Buffalo, New York, that, as of June 30, 2020, had $139.5 billion in assets. The members of M&T Bank Corporation include M&T Bank and the national association Wilmington Trust. M&T Bank has 750 domestic banking offices in New York, Pennsylvania, Delaware, Connecticut, Virginia, Western Virginia, and District of Columbia and free account access at more than 1,800 M&T ATMs, with 17,000 employees in New York, Maryland, New Jersey.
How big it is
As of December 31, 2019, M&T Bank Corporation had $120 billion in assets and was one of the 20 biggest corporations holding commercial banks in the United States.
The history of the brand
M&T Bank has been founded in Buffalo, New York, by Manufacturers and Traders Bank. Based on mergers, transactions, and changes of name, M&T banks are now known as Manufacturers and Traders Trust Company and M&T bank as their principal banking group. In 1969, M&T Bank reorganized under a holding firm called the First Empire State Corporation. The name was changed into M&T Bank Corporation in 1998, whose shares are listed under the symbol MTB in the New York Stock Exchange.
M&T Bank Corp. is a bank holding company that offers retail and commercial banking services, trust, asset management, and investment services. The company operates through corporate finance, investment banking, commercial real estate, discretionary portfolios, residential mortgage, and retail banking. The business banking sector offers small companies and professionals services through the company's branch network, corporate banking centers, and other supply networks, including telecommunications banking, internet banking, and automated distributors.
The Business Banking Division provides middle-market and large business customers credit products and banking services. The Commercial Real Estate segment provides its customers with credit and deposit services. The discretionary portfolio includes investment and commercial securities, residential and other assets, short- and long-term lent funds, brokered deposit certificates and associated rate swap contracts, and branch deposits from the Cayman Islands.
The Residential Mortgage Banking segment contains residential loans and sells substantially all such loans to investors in the secondary sector. The Retail Banking segment provides customers a range of distribution networks, including branches, electronic dealers, telephone, and internet banking.
M&T Insurance Agency, Inc. provides insurance products, M&T Securities, Inc. (FINRA/SIPC member) offer the services of brokers. Wilmington Trust Company, which is operated only in Delaware, and Wilmington Trust, N.A., a national bank, handle assets and fiduciary services. Wilmington Trust Investment Advisors, Inc. is a licensed investment advisor offering Wilmington Trust and M&T investors and associates its investment management services.
Mission and vision
M&T Bank is an organization with a clear goal: making a difference in the lives of people, and M&T Bank's workforce is an integral part of it.
Typical Hours of Operation
Mo 9:00 - 15:00
Tu 9:00 - 15:00
We 9:00 - 15:00
Th 9:00 - 15:00
Fr 9:00 - 15:00
Locations: 725 locations in 37 states and 453 cities.
- Commercial & Savings Banks