Who owns M and T Bank?
M&T Bank is the official bank of the Buffalo Bills in Western New York and their home Bills Stadium in Orchard Park, New York. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services. Who owns M and T Bank? M&T is ranked…
M&T Bank is the official bank of the Buffalo Bills in Western New York and their home Bills Stadium in Orchard Park, New York. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services.
Who owns M and T Bank?
M&T is ranked 519th on the Fortune 500 list based on 2021 revenues. Until May 1998, the bank’s holding company was named First Empire State Corporation. M&T Bank traces its origins to the founding of Manufacturers and Traders Bank in Buffalo, New York. As a result of mergers, acquisitions, and name changes. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol “MTB.
On December 20, 2017, René F. Jones was appointed Chairman and Chief Executive Officer.M&T announced that $9-$11 million will be distributed by the end of 2022, with the rest of the funds to be distributed over the next two years and expects to fund approximately 60-70 organizations in the initiatives first phase.
M&T announced a $25 million initiative to support lower-income communities and underrepresented groups. The new Amplify Fund will be deployed over 3 years with most of the funds set to be distributed to Connecticut-based organizations and other north-eastern states where People’s United had operated.
