The Commercial Banking segment provides a wide range of credit products and banking
services for middle-market and large commercial customers, largely within the
markets the Company serves. Services provided by this segment include commercial
lending and leasing, deposit products, and cash management services.
The Commercial Real Estate segment provides credit and deposit services to
its customers. Real estate securing loans in this segment is generally located
in the New York City metropolitan area, upstate New York, Pennsylvania, Maryland,
the District of Columbia, Delaware, Virginia, West Virginia and the northwestern
portion of the United States. Commercial real estate loans may be secured by
apartment/multifamily buildings; office, retail and industrial space; or other
types of collateral. Activities of this segment also include the origination,
sales and servicing of commercial real estate loans through the FNMA DUS program.
The Discretionary Portfolio segment includes investment and trading securities,
residential mortgage loans and other assets; short-term and long-term borrowed
funds; brokered certificates of deposit and interest rate swap agreements related
thereto; and offshore branch deposits. This segment also provides services to
commercial customers and consumers that include foreign exchange, securities
trading and municipal bond underwriting and sales.
The Residential Mortgage Banking segment originates and services residential
mortgage loans for consumers and sells substantially all of those loans in the
secondary market to investors or to bank subsidiaries of M&T. In addition
to the geographic regions served by or contiguous with the Company’s branch
network, the Company maintains mortgage loan origination offices in several
states in the western United States.
The Retail Banking segment offers a variety of services to consumers and small
businesses through several delivery channels which include traditional and “in-store”
banking offices, automated teller machines, telephone banking and internet banking.
The Company has banking offices in New York State, Pennsylvania, Maryland, Virginia,
the District of Columbia, West Virginia and Delaware. The Retail Banking segment
also offers certain deposit and loan products on a nationwide basis through
M&T Bank, N.A. Credit services offered by this segment include consumer
installment loans, student loans, automobile loans (originated both directly
and indirectly through dealers), home equity loans and lines of credit, and
loans and leases to small businesses. The segment also offers to its customers
deposit products, including demand, savings and time accounts; investment products,
including mutual funds and annuities; and other services.
The Business Banking segment provides a wide range of services to small businesses
and professionals through the Company’s branch network, business banking
centers and other delivery channels such as telephone banking, Internet banking
and automated teller machines within markets served by the Company. Services
and products offered by this segment include various business loans and leases,
including loans guaranteed by the Small Business Administration, business credit
cards, deposit products, and financial services such as cash management, payroll
and direct deposit, merchant credit card and letters of credit.