Bailout Bank Bio: M&T Bank

Mar 23, 2009 | 2 min read | Print Article

M&T Bank Corporation is a bank holding company for M&T Bank, which operates 704 branch offices in New York, Maryland, Pennsylvania, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia. The company is headquartered in Buffalo, New York. M&T Bank Corporation is one of the largest bank holding companies in the United States. Since 2003, M&T Bank has been the sponsor of the stadium in which the Baltimore Ravens football team plays. The right to call the stadium M&T Bank Stadium costs M&T Bank Corporation $5 million per year through 2018; the total cost of the 15-year deal is $75 million.

Through the Treasury’s Capital Purchase Program, M&T Bank Corporation received $600 million, in exchange for 600,000 shares of Preferred Stock and a ten-year warrant to purchase up to 1,218,522 shares of the company’s common stock.

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Bailout Bank Bio: M&T Bank


Federal Equity Investment	$600 million
Total Revenue	$4.6 billion (2007) $4.4 billion (2008)
Net Income	$654.3 million (2007) $555.9 million (2008)
Number of Employees	12,422
Corporate Headquarters	Buffalo, New York
Business Sector	Bank
Officers and Directors	Wilmers, Robert, Chairman of the Board, Chief Executive Officer Other Officers and Directors
Corporate Website	http://www.mandtbank.com
Executive Compensation	M&T Bank