M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; investment management; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and Internet banking, mobile banking, and automated teller machines. As of December 31, 2020, the company operates 716 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
IPO Year:
Exchange: NYSE
Website: mtb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/4/2024 | $210.00 | Peer Perform → Outperform | Wolfe Research |
| 10/2/2024 | $187.00 → $210.00 | In-line → Outperform | Evercore ISI |
| 9/3/2024 | $183.00 → $215.00 | Neutral → Overweight | JP Morgan |
| 8/15/2024 | $170.00 → $165.00 | Equal Weight → Underweight | Wells Fargo |
| 12/18/2023 | $145.00 | Buy → Hold | Deutsche Bank |
| 9/29/2023 | $133.65 | Buy → Hold | Odeon |
| 4/18/2023 | $150.00 | Hold → Buy | Argus |
| 4/10/2023 | Buy → Neutral | UBS | |
| 3/27/2023 | $178.00 → $155.00 | Neutral → Buy | Citigroup |
| 3/23/2023 | Outperform → Peer Perform | Wolfe Research |
13F-HR/A - M&T BANK CORP (0000036270) (Filer)
13F-HR - M&T BANK CORP (0000036270) (Filer)
10-Q - M&T BANK CORP (0000036270) (Filer)
8-K - M&T BANK CORP (0000036270) (Filer)
8-K - M&T BANK CORP (0000036270) (Filer)
N-PX - M&T BANK CORP (0000036270) (Filer)
10-Q - M&T BANK CORP (0000036270) (Filer)
13F-HR - M&T BANK CORP (0000036270) (Filer)
8-K - M&T BANK CORP (0000036270) (Filer)
8-K - M&T BANK CORP (0000036270) (Filer)
BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m. (ET)Second quarter 2026 – Wednesday, July 15, 2026, at 8:00 a.m. (ET)Third quarter 2026 – Friday, October 16, 2026, at 8:00 a.m. (ET)Fourth quarter 2026 – Tuesday, January 19, 2027, at 8:00 a.m. (ET)M&T also announced revised dates to host conference calls to review 2025 quarterly results: First quarter 2025 – Monday, April 14, 2025, at 8:00 a.m. (ET) (No Change)Second quarter 2025 – Wednesday, July 16, 2025, at 11:00 a.m. (ET)
Clara Capital Servicing LLC ("Clara Capital"), a leading provider of innovative financial lending solutions for small- and medium-sized businesses, is excited to announce the successful transition of its treasury banking platform to M&T Bank ("M&T") (NYSE:MTB). M&T is known for its exceptional service, innovative financial products, and commitment to the customers and communities it serves. Recently, Clara Capital secured a $20 million line of credit ("the new line") from Revere Capital. The new line, coupled with this strategic M&T banking relationship marks another significant step in strengthening the Company's financial infrastructure supporting its continued growth. As part of the
BUFFALO, N.Y., Nov. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated co
BUFFALO, N.Y., Nov. 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the Goldman Sachs Financial Services Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on December 11, 2024, at 8:40 a.m. (ET). A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such forward-looking information will be available on the webcast link. About M&T M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's princip
BUFFALO, N.Y., Nov. 7, 2024 /PRNewswire/ -- Effective Friday, November 8, 2024, M&T Bank Corporation ("M&T") (NYSE:MTB) will decrease its prime lending rate from 8.00% to 7.75%. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com. M&T Bank Corporation is a financial holding
Also added to M&T Bank's Enterprise Leadership Team WILMINGTON, Del. , Oct. 31, 2024 /PRNewswire/ -- Wilmington Trust announced today that Lisa Roberts has been named the new Head of Wealth Management, effective immediately. In her new role, Roberts will be responsible for setting the strategic direction for all of Wilmington Trust's Wealth operations, leading the firm's mission to provide comprehensive wealth management advice to its clients. Wilmington Trust's Wealth business – a part of parent company M&T Bank Corporation (MTB: NYSE) -- works closely with high- and ultra-hi
BUFFALO, N.Y., Oct. 25, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the BancAnalysts Association of Boston Conference being held in Boston, MA. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on November 8, 2024, at 7:30 a.m. (ET). The conference will take place at The Langham Boston. A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such forward-looking information will be available on the webcast link. About M&TM&T Bank Corporation is a financial holding compan
BUFFALO, N.Y., Oct. 17, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $721 million or $4.02 of diluted earnings per common share. (Dollars in millions, except per share data) 3Q24 2Q24 3Q23 Earnings Highlights Net interest income $ 1,726 $ 1,718 $ 1,775 Taxable-equivalent adjustment 13 13 15 Net interest income - taxable-equivalent 1,739 1,731 1,790 Provision for credit losses 120 150 150 Noninterest income 606 584 560 Noninterest expense 1,303 1,297 1,278 Net income 721 655 690 Net income available to common shareholders - diluted 674 626 664 Diluted earnings per common share 4.02 3.73 3.98 Return on average assets -
BUFFALO, N.Y., Oct. 16, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock: A dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock"), payable December 16, 2024 to shareholders of record at the close of business on December 2, 2024.A dividend of $187.50 per share (equivalent to $0.46875 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("
Bank continues to lead small-business lending throughout its footprint BUFFALO, N.Y., Oct. 16, 2024 /PRNewswire/ -- M&T Bank (NYSE:MTB) approved 1,832 7(a) program U.S. Small Business Administration (SBA) loans in the past year and finished the SBA's 2024 fiscal year as the 10th-largest lender in the country. This marked the 16th consecutive year M&T Bank has ranked among the nation's top 10 SBA lenders. M&T Bank approved 1,832 SBA 7(a) loans for a total of $207.8 million in fiscal year 2024, which ended September 30, 2024. The average size of the bank's SBA loans in 2024 was $113,432. "With our average loan size of $113,432, we continue to be able to provide all sizes of companies with thei
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4/A - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
4 - M&T BANK CORP (0000036270) (Issuer)
JP Morgan analyst Steven Alexopoulos maintains M&T Bank (NYSE:MTB) with a Neutral and raises the price target from $180 to $183.
B of A Securities analyst Ebrahim Poonawala maintains M&T Bank (NYSE:MTB) with a Buy and raises the price target from $160 to $188.
Piper Sandler analyst Frank Schiraldi maintains M&T Bank (NYSE:MTB) with a Overweight and raises the price target from $164 to $190.
Citigroup analyst Keith Horowitz maintains M&T Bank (NYSE:MTB) with a Buy and raises the price target from $180 to $195.
M&T Bank Corporation (NYSE:MTB) reported better-than-expected second-quarter financial results on Thursday. M&T Bank reported quarterly earnings of $3.79 per share which beat the analyst consensus estimate of $3.50 per share. Quarterly sales came in at $2.302 billion topping expectations of $2.277 billion, according to data from Benzinga Pro. “Building on a strong start to the year, the second quarter results reflect a 24% increase in diluted earnings per common share from the first quarter. We continued to grow our commercial and industrial and consumer loan portfolios, while lessening our commercial real estate exposure. Credit metrics improved as both nonaccrual and total criticized
In a recent analyst note by Goldman Sachs, the outlook for several regional banks were evaluated based on their recent second-quarter 2024 earnings reports. Among the banks examined included KeyCorp (NYSE:KEY), M&T Bank Corp (NYSE:MTB), Regions Financial Corp (NYSE:RF), Truist Financial Corp (NYSE:TFC), U.S. Bancorp (NYSE:USB) and Zions Bancorporation NA (NASDAQ:ZION). Lead analyst Ryan Nash and team highlighted key metrics, growth projections and credit performances, offering a comprehensive analysis of each bank’s standing and market outlook. KeyCorp KeyCorp’s second-quarter 2024 EPS results were mixed. The bank saw a slight beat on fees and managed lower expenses, which offset a
RBC Capital analyst Gerard Cassidy maintains M&T Bank (NYSE:MTB) with a Outperform and raises the price target from $160 to $174.
DA Davidson analyst Peter Winter maintains M&T Bank (NYSE:MTB) with a Neutral and raises the price target from $159 to $185.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Evercore ISI Group boosted the price target for Netflix, Inc. (NASDAQ:NFLX) from $700 to $710. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Netflix shares declined 0.7% to close at $643.04 on Thursday. See how other analysts view this stock. Keybanc increased the price target for Robinhood Markets, Inc. (NASDAQ:HOOD) from $23 to $25. Keybanc analyst Alex Markgraff maintained an Overweight rating. Robinhood shares fell 5.6% to close at $22.83 on Thursday. See how other an
7 analysts have expressed a variety of opinions on M&T Bank (NYSE:MTB) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 3 0 0 2M Ago 0 1 1 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $166.71, with a high estimate of $180.00 and a low estimate of $160.00. Surpassing the previous average price t
4 - M&T BANK CORP (0000036270) (Issuer)
Wolfe Research upgraded M&T Bank from Peer Perform to Outperform and set a new price target of $210.00
Evercore ISI upgraded M&T Bank from In-line to Outperform and set a new price target of $210.00 from $187.00 previously
JP Morgan upgraded M&T Bank from Neutral to Overweight and set a new price target of $215.00 from $183.00 previously
Wells Fargo downgraded M&T Bank from Equal Weight to Underweight and set a new price target of $165.00 from $170.00 previously
Deutsche Bank downgraded M&T Bank from Buy to Hold and set a new price target of $145.00
Odeon downgraded M&T Bank from Buy to Hold and set a new price target of $133.65
Argus upgraded M&T Bank from Hold to Buy and set a new price target of $150.00
UBS downgraded M&T Bank from Buy to Neutral
Citigroup upgraded M&T Bank from Neutral to Buy and set a new price target of $155.00 from $178.00 previously
Wolfe Research downgraded M&T Bank from Outperform to Peer Perform
SC 13G - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
SC 13G - M&T BANK CORP (0000036270) (Subject)
SC 13G/A - M&T BANK CORP (0000036270) (Subject)
BUFFALO, N.Y., Nov. 21, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it plans to host conference calls to review 2026 quarterly financial results on the following dates: First quarter 2026 – Wednesday, April 15, 2026, at 8:00 a.m. (ET)Second quarter 2026 – Wednesday, July 15, 2026, at 8:00 a.m. (ET)Third quarter 2026 – Friday, October 16, 2026, at 8:00 a.m. (ET)Fourth quarter 2026 – Tuesday, January 19, 2027, at 8:00 a.m. (ET)M&T also announced revised dates to host conference calls to review 2025 quarterly results: First quarter 2025 – Monday, April 14, 2025, at 8:00 a.m. (ET) (No Change)Second quarter 2025 – Wednesday, July 16, 2025, at 11:00 a.m. (ET)
BUFFALO, N.Y., Nov. 19, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable December 31, 2024, to shareholders of record at the close of business on December 2, 2024. About M&TM&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated co
BUFFALO, N.Y., Oct. 17, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $721 million or $4.02 of diluted earnings per common share. (Dollars in millions, except per share data) 3Q24 2Q24 3Q23 Earnings Highlights Net interest income $ 1,726 $ 1,718 $ 1,775 Taxable-equivalent adjustment 13 13 15 Net interest income - taxable-equivalent 1,739 1,731 1,790 Provision for credit losses 120 150 150 Noninterest income 606 584 560 Noninterest expense 1,303 1,297 1,278 Net income 721 655 690 Net income available to common shareholders - diluted 674 626 664 Diluted earnings per common share 4.02 3.73 3.98 Return on average assets -
BUFFALO, N.Y., Oct. 16, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock: A dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock"), payable December 16, 2024 to shareholders of record at the close of business on December 2, 2024.A dividend of $187.50 per share (equivalent to $0.46875 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("
BUFFALO, N.Y., Sept. 5, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its third quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, October 17, 2024. Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. The conference call and webcast may contain forward-looking statements and other material information. Domestic callers wishing to participate in the call may dial toll free (800) 347-7315. International participants, using a
BUFFALO, N.Y., Aug. 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. The dividend will be payable September 30, 2024, to shareholders of record at the close of business on September 3, 2024. About M&TM&T is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. Inve
BUFFALO, N.Y., July 18, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $655 million or $3.73 of diluted earnings per common share. (Dollars in millions, except per share data) 2Q24 1Q24 2Q23 Earnings Highlights Net interest income $ 1,718 $ 1,680 $ 1,799 Taxable-equivalent adjustment 13 12 14 Net interest income - taxable-equivalent 1,731 1,692 1,813 Provision for credit losses 150 200 150 Noninterest income 584 580 803 Noninterest expense 1,297 1,396 1,293 Net income 655 531 867 Net income available to common shareholders - diluted 626 505 841 Diluted earnings per common share 3.73 3.02 5.05 Return on average assets -
BUFFALO, N.Y., July 10, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared quarterly cash dividends on the following series of perpetual preferred stock: A dividend of $0.3515625 per share on its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H ("Series H Preferred Stock"), payable September 16, 2024 to shareholders of record at the close of business on September 3, 2024.A dividend of $254.17 per share (equivalent to $0.635425 per depositary share) on its Perpetual 7.500% Non-Cumulative Preferred Stock, Series J ("Series J Preferred Stock"), payable September 16, 2024 to shareholders of record at the close of business on Septe
BUFFALO, N.Y., June 28, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or the "Company") (NYSE:MTB) today announced the Federal Reserve Board has determined the Company's preliminary stress capital buffer ("SCB") requirement is 3.8%, down from 4.0% previously. The Federal Reserve Board will provide the Company's final SCB requirement on or before Aug. 31, 2024. Once finalized, the new SCB requirement will be in effect beginning on October 1, 2024. The Company's regulatory minimum CET1 ratio implied by the preliminary SCB is now 8.3%, down from 8.5%. M&T expects the second quarter 2024 CET1 ratio to be over 11.35%. "The results of this year's stress test reflect the strength of the company'
BUFFALO, N.Y., June 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its second quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, July 18, 2024. Following the release, M&T will conduct a conference call and webcast at 8:00 a.m. (ET) to discuss the earnings results. The conference call and webcast may contain forward-looking statements and other material information. Domestic callers wishing to participate in the call may dial toll free (800) 347-7315. International participants, using any applicable international calling codes, may dial (785) 424-1755. Callers should reference M&T Bank Corporation or t
Updates to M&T's Affordable Housing Platform Reinforce Bank's Commitment to its Clients and Communities NEW YORK, Aug. 12, 2024 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced that it has appointed Lopa Kolluri as Head of Affordable Housing Lending. In this new role, Kolluri is responsible for the development, oversight, and day-to-day management of the Affordable Housing vertical within M&T's Commercial Bank. Kolluri will execute M&T's affordable housing business strategy and establish operational processes and governance structures to ensure the efficient delivery of first-rate customer service to its affordable housing clients. In addition, she will continue to strengthen the M&T's ex
Knakmuhs to lead internal and external communications in newly created role BUFFALO, N.Y., March 21, 2024 /PRNewswire/ -- M&T Bank Corporation (NYSE:MTB) today announced that it has appointed Sarah Knakmuhs as chief communications officer. In this newly created role, Knakmuhs will continue to evolve and mature M&T's communication platforms and capabilities to enhance the bank's profile and strengthen engagement with stakeholders, including employees, shareholders, the media, and the communities M&T serves. Knakmuhs will report to Chris Kay, head of Enterprise Platforms, and is based in Washington, D.C. "Sarah's appointment to Chief Communications Officer represents an important step toward e
National Production Managers and Life Company Platform Manager are Among Other Key Appointments Driving the Next Phase of Business Growth BALTIMORE, Jan. 23, 2024 /PRNewswire/ -- M&T Realty Capital Corporation (M&T RCC), a wholly-owned subsidiary of M&T Bank specializing in providing competitive financing nationwide for multifamily properties, commercial income properties, healthcare facilities, and other property types, announces a series of organizational changes designed to position the business for continued growth and expansion. Michael Edelman, currently serving as President, will succeed current CEO Michael Berman, who will transition to the role of Executive Advisor. Both executives
BUFFALO, N.Y., Oct. 10, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) announced its appointment of David W. Hollis as Chief Human Resources Officer (CHRO), effective today. In this role, Hollis will lead staffing, recruiting, leadership development, compensation, benefits, and employee relations for M&T Bank, which includes more than 22,000 employees across the northeastern U.S. Hollis will be based in Buffalo, NY, and will report to Tracy Woodrow, who has served as M&T's CHRO since 2020. Woodrow will continue to serve as Chief Administrative Officer, overseeing M&T's Banking Services, Buffalo Promise Neighborhood (BPN), Corporate Services, Human Resources, and Environmental, Social, and Governan
Funding dedicated to 42 initiatives approved for state's Neighborhood Assistance Program HARRISBURG, Pa., Sept. 27, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) has provided $1.22 million this year to 42 initiatives aimed at serving distressed communities or low-income neighborhoods in Pennsylvania through the state's Neighborhood Assistance Program (NAP). The NAP program provides tax credits to businesses like M&T that donate capital to support projects approved to receive NAP funding for affordable housing, community services, crime prevention, education, job training, food access, blight, special population issues, veterans' initiatives or long-term community revitalization. "Supporting the c
BUFFALO, N.Y., Sept. 14, 2023 /PRNewswire/ -- M&T Bank (NYSE:MTB) today announced its appointment of Phil Cohen as Regional President of Maine. In this role, Cohen will partner with M&T's Community Bank leadership team—which includes members from its retail, business banking, wealth management, and charitable teams—to continue developing M&T's business and engagement in The Pine Tree State. Cohen will continue to serve in his role as Commercial Senior Group Manager Commercial Real Estate New Hampshire/Maine. He assumes this new role following the retirement of Dan Thornton earlier this year. "Phil's combination of deep banking experience and knowledge of Maine continues to be an asset to M&T
-- Brent D. Baird Joins the Board and Enters into Cooperation Agreement with the Company -- ELMA, N.Y., Feb. 15, 2023 /PRNewswire/ -- Servotronics, Inc. (NYSE American – SVT) a designer and manufacturer of servo-control components and other advanced technology products today announced the appointment of Brent D. Baird to the Board and the entry into a Cooperation Agreement between the Company and Mr. Baird. Mr. Baird will serve as a director effective February 16, 2023, with an initial term through the Company's 2023 Annual Meeting of Shareholders, and the Company has agreed to include Mr. Baird in the Company's slate of director nominees for election at the 2023 Annual Meeting. "We are plea
BUFFALO, N.Y., Aug. 16, 2022 /PRNewswire/ -- M&T Bank today announced the appointment of Ishet Dhar in the role of Chief Digital Officer (CDO). This decision reflects M&T's increasing focus on digital and its role creating simple, differentiated experiences for customers and employees. Dhar has over two decades of global experience, most recently serving as senior vice president, digital consumer delivery at Bank of America. In this enterprise-wide role, Dhar will lead the strategy, integration and transformation of M&T's digital platforms, providing each customer a seamless a
BUFFALO, N.Y., May 26, 2021 /PRNewswire/ -- M&T Bank has appointed Mike Keegan, its long-time Area Executive for Upstate New York and New England, to a new role as Executive Vice President and Head of Community Markets. Keegan will lead a new team designed to help the company reinforce its community presence, while accelerating the deployment of the full capabilities of the entire bank across its communities. He will report directly to Richard Gold, M&T Bank President and Chief Operating Officer. "We are deeply committed to meeting the evolving needs of our customers" Gold said. "As Head of Community Markets, Mike will work to combine our strengths as a large, regional bank with our local ma
BUFFALO, N.Y., April 22, 2021 /PRNewswire/ -- M&T Bank Corporation announced the appointment of John D'Angelo as Director of its Environmental, Social, and Governance (ESG) Office, a newly created role and division. D'Angelo, an Executive Vice President, will report directly to M&T Chairman and CEO René Jones and remain a member of the 14-person Management Group responsible for leading the bank's overarching strategy. In this capacity, D'Angelo will build a cohesive function to accelerate M&T's corporate responsibility and sustainability work along with its community outreach.