| Market Capitalization (Millions $) |
35,198 |
| Shares
Outstanding (Millions) |
147 |
| Employees |
22,378 |
| Revenues (TTM) (Millions $) |
9,451 |
| Net Income (TTM) (Millions $) |
2,909 |
| Cash Flow (TTM) (Millions $) |
-4,653 |
| Capital Exp. (TTM) (Millions $) |
209 |
Business Description
M&T Bank Corporation is a New York-based company registered as a bank holding company under the Bank Holding Company Act of 1956 and the New York Banking Law. Its principal executive offices are located at One M&T Plaza, Buffalo, New York.
The corporation operates two wholly-owned bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and M&T Bank, National Association (M&T Bank, N.A.). Together, these banks provide a comprehensive array of commercial banking, trust, and investment services designed to meet the needs of a diverse clientele, including consumers, businesses, governmental entities, and financial institutions primarily in New York, Pennsylvania, Maryland, northern Virginia, and Washington, D.C. M&T Banks lending activities predominantly focus on individual consumers and small to medium-sized businesses. It also conducts lending in other states via various subsidiaries.
M&T Bank Corporation includes several specialized subsidiaries:
1. M&T Life Insurance Company: A captive credit reinsurer established in Arizona that reinsures credit life and accident and health insurance for consumers using the bank’s loan products.
2. Highland Lease Corporation: A consumer leasing company that began operations in New York, providing leasing solutions.
3. M&T Credit Corporation: A credit and leasing company providing both consumer loans and commercial loans, which also operates within New York.
4. M&T Financial Corporation: Specializes in capital-equipment leasing.
5. M&T Investment Company, Inc.: Operates as a New Jersey investment company that has significant ownership in M&T Real Estate Trust.
6. M&T Mortgage Corporation: Focuses on the origination of residential mortgage loans and servicing these loans across several states including New York, Maryland, and Pennsylvania, and extends into states like Arizona, California, and others.
M&T Mortgage Reinsurance Company, Inc.: Enters into reinsurance contracts for mortgage payment default risks associated with M&T Mortgage-related loans.
8. M&T Real Estate Trust: Engaged in commercial real estate lending and loan servicing, operating under the M&T Investment Company.
9. M&T Realty Capital Corporation: Originally Allfirst Mortgage Corporation, it has been active in the mortgage sector.
10. M&T Securities, Inc.: Registered as a broker/dealer and investment advisor, providing financial services including life insurance.
11. Matthews, Bartlett & Dedecker, Inc.: An insurance agency that primarily caters to the commercial market.
12. M&T Auto Receivables I, LLC: A special purpose entity that purchases automobile loans for asset-backed structured borrowing purposes.
13. MTB Investment Advisors, Inc.: An investment advisory firm that was originally known as Allied Investment Advisors, stemming from a subsidiary of Allfirst Bank.
M&T Bank competes in a dynamic financial landscape against various institutions including other banks, credit unions, personal loan companies, and diversified financial services companies. The competitive environment is influenced by state and federal regulations, with implications from various banking acts that might introduce further competition as financial institutions expand their markets. The ongoing evolution in financial services continues to shape the competitive landscape for M&T Bank Corporation.
Company Address: One M&T Plaza Buffalo 14203 NY
Company Phone Number: 635-4000 Stock Exchange / Ticker: NYSE MTB
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