# M&T BANK CORP

Summary updated: 2026-09-28T11:27:36.118025Z
Canonical: https://finbar.com/research/companies/m-t-bank

## Overview

M&T Bank Corporation is a Buffalo, New York-based bank holding company that provides retail and commercial banking, lending, deposits, cash management, and wealth and institutional services. Its principal businesses are Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. Founded in Buffalo in 1856, the company primarily serves customers in the northeastern and mid-Atlantic United States. [1](https://app.finbar.com/go?id=P21806409)[2](https://app.finbar.com/go?id=P38386938)[3](https://app.finbar.com/go?id=P10219077)[4](https://app.finbar.com/go?id=P90111599)[5](https://app.finbar.com/go?id=P99000985)

M&T states that its purpose is to make a difference in people’s lives and uplift the communities it serves. At year-end 2025, it had $213.5 billion in assets, 942 domestic banking offices, and 22,278 full- and part-time employees. Its 2025 net interest income and other income totaled $9.69 billion. [6](https://www.mtb.com/about-us/getting-involved/giving-back)[7](https://app.finbar.com/go?id=P77255041)[8](https://app.finbar.com/go?id=P87882990)[9](https://app.finbar.com/go?id=T4046040)
[1](https://app.finbar.com/go?id=P21806409)[2](https://app.finbar.com/go?id=P38386938)[3](https://app.finbar.com/go?id=P10219077)[4](https://app.finbar.com/go?id=P90111599)[5](https://app.finbar.com/go?id=P99000985)[7](https://app.finbar.com/go?id=P77255041)[8](https://app.finbar.com/go?id=P87882990)[9](https://app.finbar.com/go?id=T4046040)[9](https://app.finbar.com/go?id=T4046040)[6](https://www.mtb.com/about-us/getting-involved/giving-back)

## Products & services

M&T Bank offers consumers checking, savings, money-market and time-deposit accounts, alongside credit cards, residential mortgages, home-equity loans and lines of credit, and auto and recreational loans. Its online and mobile banking services provide account alerts, bill payment, transfers and mobile check deposit. [4](https://app.finbar.com/go?id=P90111599)[10](https://www.mtb.com/personal/online-and-mobile/features)

For small businesses and commercial customers, M&T provides deposit accounts, business and SBA loans, commercial lending and leasing, commercial real-estate financing, and letters of credit. Payment and cash-management services include payroll and direct deposit, merchant card services, ACH payments, wires and remote check deposit. M&T also originates, sells and services commercial real-estate loans, including loans through Fannie Mae’s DUS program. [4](https://app.finbar.com/go?id=P90111599)[3](https://app.finbar.com/go?id=P10219077)[11](https://www.mtb.com/business/cash-management-for-business)

Through its institutional services and wealth-management operations, M&T provides trustee, agency, investment-management and administrative services to organizations, as well as personal trust, estate-planning, fiduciary, asset-management and family-office services. It also offers mutual funds, annuities and brokerage services. [5](https://app.finbar.com/go?id=P99000985)[12](https://app.finbar.com/go?id=P6795807)
[4](https://app.finbar.com/go?id=P90111599)[3](https://app.finbar.com/go?id=P10219077)[5](https://app.finbar.com/go?id=P99000985)[12](https://app.finbar.com/go?id=P6795807)[10](https://www.mtb.com/personal/online-and-mobile/features)[11](https://www.mtb.com/business/cash-management-for-business)

## Geographic presence

M&T Bank Corporation is headquartered in Buffalo, New York. Its banking activities are concentrated in the Northeastern and Mid-Atlantic United States, with principal consumer and small- and midsize-business markets in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts, Maine, Vermont, New Hampshire, Virginia, West Virginia and Washington, D.C. [13](https://app.finbar.com/go?id=P25642266)

At December 31, 2025, its subsidiary banks operated 942 domestic banking offices, primarily in those two regions. About 47% of employees resided in New York, 10% in Maryland, 9% in Connecticut, and 7% each in Pennsylvania and Delaware. [7](https://app.finbar.com/go?id=P77255041)[8](https://app.finbar.com/go?id=P87882990)
[13](https://app.finbar.com/go?id=P25642266)[7](https://app.finbar.com/go?id=P77255041)[8](https://app.finbar.com/go?id=P87882990)

## Business segments

M&T Bank Corporation reports three business segments. Commercial Bank serves middle-market and large commercial customers with lending, leasing, commercial real estate credit, deposits and cash-management services. Retail Bank serves consumers and small businesses through branches and other channels, offering deposits, consumer credit and residential mortgages. Institutional Services and Wealth Management provides trustee, investment-management and administrative services to institutions, alongside trust, advisory and wealth services for individuals and families. [14](https://app.finbar.com/go?id=P115874207)[15](https://app.finbar.com/go?id=P118463235)[16](https://app.finbar.com/go?id=P76785479)

Based on 2025 revenue, Retail Bank accounted for approximately 50% of consolidated revenue, Commercial Bank 30%, and Institutional Services and Wealth Management 16%. The remaining approximately 3% was reported as “All Other,” which includes items not directly attributable to the reportable segments and inter-segment eliminations. [17](https://app.finbar.com/go?id=T13325077)[18](https://app.finbar.com/go?id=T13362461)[19](https://app.finbar.com/go?id=P69980602)
[14](https://app.finbar.com/go?id=P115874207)[15](https://app.finbar.com/go?id=P118463235)[16](https://app.finbar.com/go?id=P76785479)[19](https://app.finbar.com/go?id=P69980602)[17](https://app.finbar.com/go?id=T13325077)[17](https://app.finbar.com/go?id=T13325077)[17](https://app.finbar.com/go?id=T13325077)[18](https://app.finbar.com/go?id=T13362461)[18](https://app.finbar.com/go?id=T13362461)

## Company history

M&T Bank traces its origins to Manufacturers and Traders Bank, founded in Buffalo, New York, in 1856 by Pascal Paoli Pratt and Bronson Case Rumsey. The bank reorganized under the holding company First Empire State Corporation in 1969. Robert G. Wilmers became chairman and chief executive officer in 1983, and the holding company adopted the name M&T Bank Corporation in 1998. [20](https://ir.mtb.com/news-releases/news-release-details/mt-bank-celebrates-150-years)[21](https://ir.mtb.com/company-overview)[22](https://ir.mtb.com/news-releases/news-release-details/mt-bank-announces-passing-chairman-and-chief-executive-officer)

Acquisitions became a major part of M&T’s expansion. It acquired Allfirst Financial in 2003 and Provident Bankshares in 2009, followed by Wilmington Trust in 2011 and Hudson City Bancorp in 2015. After Wilmers’s death, René F. Jones became chairman and chief executive officer in 2017. M&T completed its acquisition of People’s United Financial in 2022, extending its presence across the northeastern United States. [23](https://ir.mtb.com/shareholder-information/acquisition)[24](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-names-rene-jones-chairman-and-ceo)[25](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-completes-acquisition-peoples-united)
[20](https://ir.mtb.com/news-releases/news-release-details/mt-bank-celebrates-150-years)[21](https://ir.mtb.com/company-overview)[22](https://ir.mtb.com/news-releases/news-release-details/mt-bank-announces-passing-chairman-and-chief-executive-officer)[23](https://ir.mtb.com/shareholder-information/acquisition)[24](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-names-rene-jones-chairman-and-ceo)[25](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-completes-acquisition-peoples-united)

## Sources

1. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P21806409)
2. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38386938)
3. [M&T BANK CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P10219077)
4. [M&T BANK CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P90111599)
5. [M&T BANK CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P99000985)
6. [www.mtb.com](https://www.mtb.com/about-us/getting-involved/giving-back)
7. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P77255041)
8. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87882990)
9. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4046040)
10. [www.mtb.com](https://www.mtb.com/personal/online-and-mobile/features)
11. [www.mtb.com](https://www.mtb.com/business/cash-management-for-business)
12. [M&T BANK CORP — Full financial report (2024 Y)](https://app.finbar.com/go?id=P6795807)
13. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P25642266)
14. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115874207)
15. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P118463235)
16. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P76785479)
17. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13325077)
18. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13362461)
19. [M&T BANK CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P69980602)
20. [ir.mtb.com](https://ir.mtb.com/news-releases/news-release-details/mt-bank-celebrates-150-years)
21. [ir.mtb.com](https://ir.mtb.com/company-overview)
22. [ir.mtb.com](https://ir.mtb.com/news-releases/news-release-details/mt-bank-announces-passing-chairman-and-chief-executive-officer)
23. [ir.mtb.com](https://ir.mtb.com/shareholder-information/acquisition)
24. [ir.mtb.com](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-names-rene-jones-chairman-and-ceo)
25. [ir.mtb.com](https://ir.mtb.com/news-releases/news-release-details/mt-bank-corporation-completes-acquisition-peoples-united)

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