|Key People||René F. Jones (Chairman and CEO) | Kevin J. Pearson (Vice Chairman) | Richard S. Gold (President and COO)|
|☎ Telephone number:||+1-800-724-2440|
|? Number of employees:||16,974|
|Number of locations:||780 branches|
|ATM locator||Find here|
M&T Bank: Introduction
M&T Bank is a regional financial institution that offers its services in a handful of American States. Yet, it can boast to have a developed a system of online banking, which also comes along with a website with a sleek design and nice appearance.
Yet, the history of this bank can be traced to as early as 1856, when the Manufacturers and Traders Trust Company originated in New York. The company functioned and developed pretty evenly during a long period of time (one century and three decades), thus remaining an unnoticeable player on the financial market.
In the middle of the 1980s, however, M&T Bank aimed to grow exponentially. In the period between 1987 and 2009, the bank carried out 20 acquisitions of other financial institutions, which allowed it to grow at an impressively fast pace. In 2011, the company also bought out Wilmington Trust, which nowadays appears to be a subsidiary of M&T Bank.
Despite such a huge number of acquisitions this bank has undertaken, it remains a predominately regional chain, whereas its offices can be found in the following American States: Connecticut, Washington, D.C., West Virginia, Virginia, Delaware, Maryland, Pennsylvania, New Jersey, and New York. The headquarters of this bank is located in One M&T Plaza in Buffalo, New York.
As of the present time, M&T Bank tends to occupy the 455th place in the list of Fortune 500. Besides, it is one of the very few banks that have been profitable every quarter since as early as 1976. In addition to that, the bank was the only one (apart from Northern Trust) that had not lowered its dividends during the global financial crisis in 2008.
The bank focuses on providing products and services in such fields of finance like private banking, investment management, investment banking, commercial banking, and retail banking. The number of employees who work for M&T Bank is slightly lower than 17,000.