Get Rich City - M&T Bank

M&T Bank

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M&T Bank (NYSE: MTB) is an American bank. It was founded over 150 years ago in western New York, and is today headquartered in Buffalo, New York. The parent company, M&T Bank Corporation, had over $57 billion in assets as of December 31, 2006 and is one of the 20 largest bank holding companies in the U.S., with over 670 branches primarily in the Mid Atlantic States of Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, and Washington D.C..

The name M&T is an abbreviation of Manufacturers and Traders Trust Company. The company is

currently headquartered in One M&T Plaza in downtown Buffalo. The bank also owns the

original Buffalo Savings Bank (later Goldome, now defunct) building in Fountain Plaza, also

located in downtown Buffalo. M&T Bank acquired Allfirst Bank of Baltimore, MD in July, 2003.

Allfirst was a subsidiary of Allied Irish Bank. Allfirst was acquired by M&T after the John

Rusnak currency trading scandel. AIB retained 23% of M&T stock.

M&T Bank is the sponsor of M&T Bank Stadium, the current home of the Baltimore Ravens.

M&T Bank completed the acquisition of 21 CitiBank branches in Buffalo and Rochester New York

on July 1st, 2006. The branches, employees, and accounts held at those branches all joined

M&T Bank.

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