On February 22, 2021, M&T Bank announced an agreement to acquire People's United Bank in an all-stock transaction valued at approximately $7.6 billion. Jones was appointed Chairman and Chief Executive Officer. On December 16, 2017, Robert Wilmers died and non-Executive Chairman Robert T. In 2011, the bank repaid $700 million of TARP funds. In 2008, M&T received a $600 million investment by the United States Treasury as a result of the Troubled Asset Relief Program (TARP) and M&T assumed another $482 million in TARP obligations from its acquisitions. The acquisition was delayed for 3 years due to a money laundering case involving an M&T branch and the acquisition closed on November 2, 2015. The bank had $25 billion in deposits and $28 billion in loans and 135 brick-and-mortar branch locations including 97 in New Jersey. On August 27, 2012, M&T announced the acquisition of Hudson City Bancorp for $3.7 billion. In May 2011, M&T acquired Wilmington Trust for $351 million in stock. M&T and the FDIC agreed to share future losses on $338 million worth of Bradford's assets. August 2009: The Federal Deposit Insurance Corporation (FDIC) seized Bradford Bank and sold all its deposits and most assets to M&T.May 2009: Provident Bank of Maryland in a stock transaction.December 2007: 12 First Horizon National Corporation branches in the greater Washington D.C.December 2007: Partners Trust Financial Group, including 33 branches in upstate New York, for $555 million.July 2006: 21 Citibank branches in Buffalo and Rochester.At the direction of Irish government financial regulators, AIB sold its 22% ownership interest in M&T in 2010. April 2003: Allfirst Bank of Baltimore, a subsidiary of Allied Irish Banks of Ireland, in exchange for 26.7 million shares of M&T and $886 million in cash.February 2001: Premier Nation Bancorp of Newburgh.October 2000: Keystone Financial of Central Pennsylvania.September 1999: 29 Chase Bank Branches in Buffalo, Jamestown, and Binghamton.April 1998: OnBank of Syracuse, New York.June 1999: First National Bank of Rochester.January 1997: Green Point Bank branches of Westchester, New York.July 1995: Hudson Valley branches of Chase Manhattan.December 1994: Hudson Valley branches of Chemical Bank New York and Ithaca Bancorp of Ithaca, New York.July 1992: Central Trust and Endicott Trust of Rochester, New York and Binghamton, New York.May 1991: Assets of Goldome Bank of Buffalo (along with KeyBank and others).September 1990: Assets of Empire of America Savings Bank of Buffalo (along with KeyBank and others).January 1989: Monroe Savings Bank of Rochester, New York.December 1987: East New York Savings of New York City.īetween 19, M&T Bank acquired 20 financial institutions, as follows: Wilmers was named Chairman and CEO, a position he held until his death in December 2017. The company opened its first office on August 29 of that year at 2 East Swan Street in Buffalo.

As a result, businessmen Pascal Pratt and Brownson Rumsey founded M&T Bank in 1856 as 'Manufacturers and Traders Trust Company'. In the mid-19th century, few banking options existed for the growing number of manufacturers in the city of Buffalo. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services.

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. M&T Bank also sponsors M&T Bank Stadium, home of the Baltimore Ravens. The bank owns the Buffalo Savings Bank building in downtown Buffalo. 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. M&T Bank has been profitable in every quarter since 1976. Until May 1998, the bank's holding company was named First Empire State Corporation. M&T is ranked 519th on the Fortune 500 list based on 2021 revenues. It operates 780 branches in New York, New Jersey, Connecticut, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and Washington, D.C. M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York.

M and t bank login