A Brief History of M&T Bank Corporation (MTB)

M&T Bank Corporation, commonly referred to as M&T Bank, is a regional financial services company that has its roots in Buffalo, New York. Established in 1856, the bank has grown significantly through strategic acquisitions and consistent service expansion.

The origins of M&T Bank trace back to The Manufacturers and Traders Bank, which was founded in Buffalo, New York. Over the years, the bank has expanded its footprint and diversified its services to better serve its customers.

• 1856: The Manufacturers and Traders Bank was established in Buffalo, New York.
• 1969: M&T Bank Corporation was formed as a bank holding company.
• 1983: Acquired Batavia Marine and Trust Company, marking the beginning of a series of strategic acquisitions.
• 1991: Acquired East New York Savings Bank, expanding its presence further.
• 2000: Acquired Keystone Financial, Inc., significantly increasing the bank’s size and market reach.
• 2003: M&T Bank acquired Allfirst Financial, Inc., making it one of the 20 largest banks in the United States at that time.
• 2011: Acquired Wilmington Trust Corporation, enhancing its wealth management and corporate services.
• 2015: Completed the acquisition of Hudson City Bancorp, further expanding its retail banking network.
• 2022: Announced the acquisition of People's United Financial, Inc., continuing its growth trajectory.

Throughout its history, M&T Bank has focused on providing personalized banking services while maintaining a strong commitment to the communities it serves. As of today, M&T Bank continues to be a significant player in the financial services industry, known for its stability and customer-centric approach.

Who Owns M&T Bank Corporation (MTB)

M&T Bank Corporation (MTB) is a widely-held public company. This means that its ownership is dispersed among various institutional investors, mutual funds, individual shareholders, and other entities.

Here are some of the key shareholders of M&T Bank Corporation:

• Institutional Investors: A significant portion of M&T Bank's shares are owned by institutional investors such as pension funds, insurance companies, and asset management firms.
• Mutual Funds: Various mutual funds hold substantial stakes in the company, making them some of the largest shareholders.
• Individual Investors: Individual shareholders, including retail investors and company insiders, also own shares of M&T Bank.
• Top Management and Board of Directors: Members of the company's top management and its Board of Directors often hold significant shares, aligning their interests with those of the shareholders.
• ETFs (Exchange-Traded Funds): Many ETFs include M&T Bank Corporation in their portfolios, contributing to the diversified ownership of the company's shares.

These diverse groups of shareholders collectively influence the governance and strategic direction of M&T Bank Corporation, ensuring the alignment of various interests.

M&T Bank Corporation (MTB) Mission Statement

At M&T Bank Corporation, our mission is centered around fostering long-term relationships with our customers, communities, and employees. We are committed to understanding the unique needs of those we serve and providing exceptional financial solutions that help individuals and businesses achieve their goals.

Key Elements of our Mission Statement:

• Customer Focus: We prioritize building strong relationships with our customers by offering personalized services and tailored financial solutions.
• Community Engagement: We actively contribute to the well-being and growth of the communities we serve through various initiatives and programs.
• Employee Development: We invest in our employees by providing a nurturing and supportive work environment where they can grow professionally and personally.
• Integrity and Trust: We operate with the highest level of integrity and are committed to earning our customers' trust through transparency and reliability.
• Innovation: We continually seek innovative solutions to stay ahead in the financial industry and meet the evolving needs of our clients.

By staying true to our mission, M&T Bank Corporation aims to be a trusted partner and a positive force in the financial lives of our customers and the communities we serve.

How M&T Bank Corporation (MTB) Works

M&T Bank Corporation, commonly referred to as M&T Bank, is a diversified financial services holding company headquartered in Buffalo, New York. The company provides a range of financial services and products to individuals, businesses, and institutions. Here's a closer look at how M&T Bank Corporation operates:

• Retail Banking: M&T Bank offers traditional banking services such as checking and savings accounts, personal loans, mortgages, and credit cards to individual customers.
• Commercial Banking: The bank provides business banking services including commercial loans, lines of credit, treasury management, and merchant services to small, mid-sized, and large businesses.

M&T Bank delivers wealth management services to high-net-worth individuals, families, and institutions. These services include financial planning, investment management, trust and fiduciary services, and private banking. The bank employs a team of financial advisors who work closely with clients to develop and implement tailored financial strategies.

Through its subsidiary M&T Securities, Inc., the bank offers a variety of investment products including mutual funds, annuities, brokerage services, and retirement planning solutions. This allows clients to invest in a diversified portfolio of assets to meet their long-term financial goals.

M&T Bank also provides insurance products through its subsidiary M&T Insurance Agency, Inc. These services encompass life, health, property, and casualty insurance, catering to both individual and business clients. This helps clients manage risks and safeguard their assets.

M&T Bank leverages technology to enhance customer experiences and streamline operations. The bank offers robust online and mobile banking platforms, enabling customers to manage their accounts, pay bills, transfer funds, and access financial services digitally. Additionally, M&T Bank employs advanced cybersecurity measures to protect customer data and transactions.

Corporate social responsibility is a key component of M&T Bank's operations. The bank is actively involved in community development, financial literacy programs, and charitable activities. M&T Bank's community-focused initiatives aim to support economic growth and improve the quality of life in the regions it serves.

How M&T Bank Corporation (MTB) Makes Money

M&T Bank Corporation (MTB) is a diversified financial services company, engaged in a variety of banking activities. The bank generates revenue through several channels, leveraging its broad range of services and products to cater to both individual and corporate clients.

• Net Interest Income: One of the primary revenue sources for M&T Bank is net interest income. This is the difference between the interest earned on the bank's interest-earning assets (like loans and investment securities) and the interest paid on its interest-bearing liabilities (such as deposits and borrowings).

• Non-Interest Income: M&T Bank also earns a significant portion of its revenue from fees and other types of non-interest income. This includes fees from services like wealth management, investment advisory, and brokerage.

• Loan Services: Mortgage banking is another vital aspect, where the bank earns income from the origination, sale, and servicing of mortgage loans. Additionally, M&T offers various types of loans, including personal, car, and home equity loans, which also contribute to its revenue.

• Commercial Banking: The bank provides a range of commercial services such as commercial real estate loans, leasing, and trade finance. It earns fees for these services, in addition to interest income from the loans.

• Investment Services: M&T Bank offers asset management and investment services. These services include offering mutual funds, annuities, and investment advisory services, generating fees and commissions.

• Depository Services: The bank earns service charges on deposit accounts. This includes fees for maintaining accounts, overdrafts, insufficient funds, and other related services.

• Capital Markets: M&T Bank also engages in capital markets activities, including underwriting, trading, and advisory services. These activities provide additional sources of revenue through fees and commissions.