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M&T CHARITABLE FOUNDATION ANNOUNCES $4.9 MILLION IN GRANTS TO 51 NONPROFITS ACROSS NEW ENGLAND, LONG ISLAND, AND WESTCHESTER COUNTY, NY
Prnewswire· 2025-04-01 12:52
Core Insights - M&T Bank's Charitable Foundation has announced $4.9 million in grants to 51 nonprofit organizations, concluding its three-year, $25 million Amplify Fund commitment aimed at addressing inequities in low- and moderate-income communities [1][5] - The Amplify Fund was initially announced in May 2022 as part of the merger between People's United Bank and M&T Bank, focusing on providing supplemental charitable support to legacy communities [2] - Over the course of the Amplify Fund program, a total of $25 million has been awarded to 224 nonprofit organizations, emphasizing collaboration to drive meaningful change and advance equity [5] Funding Details - The third round of funding specifically targets organizations that promote financial inclusion and economic growth, with a focus on homeownership, small business development, and financial resilience [4] - Previous rounds of the Amplify Fund distributed more than $20.1 million to 173 nonprofit organizations, supporting initiatives in environmental work, community organizing, and financial empowerment [3] Organizational Impact - The M&T Charitable Foundation aims to empower nonprofits to create lasting change in their communities, as highlighted by statements from grantees expressing gratitude for the support [7] - The foundation awards nearly $40 million annually to various nonprofit organizations, reinforcing its commitment to improving quality of life in the regions served by M&T Bank [8]
M&T Bank Appoints Charles Pinckney as Hudson Valley Regional President
Prnewswire· 2025-03-20 13:53
Core Insights - M&T Bank has appointed Charles Pinckney as the Regional President for both Albany and Hudson Valley regions to enhance community presence and customer service [1][2] - Pinckney succeeds Mark Stellwag, who is set to retire at the end of 2024 [1] Company Leadership and Community Engagement - Charles Pinckney has a strong background in various leadership roles within M&T Bank since joining in 2008, focusing on commercial real estate, middle market, healthcare, and not-for-profit sectors [3] - Pinckney is actively involved in community service, holding positions such as Vice Chair of the Center for Disability Services and board member of the Capital Region Chamber and the Center for Economic Growth [3] - M&T Bank emphasizes a community-based business model, ensuring local decision-making for community activities, grants, and lending [4] Regional Presence - M&T Bank operates a network of 40 branches across 20 counties in Albany and the Hudson Valley, reinforcing its commitment to local engagement [4] - The bank's leadership aims to continue fostering economic growth and supporting local businesses in the Hudson Valley region [3][4]
M&T Bank Corporation Announces First Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-03-13 20:04
Core Points - M&T Bank Corporation plans to announce its first quarter 2025 earnings results on April 14, 2025, before the market opens [1] - A conference call and webcast will follow the earnings release at 8:00 a.m. (ET) to discuss the results [1] - The conference call will be accessible to both domestic and international callers [2] Company Overview - M&T Bank Corporation is a financial holding company based in Buffalo, New York, with a banking network across the eastern U.S. [4] - The principal banking subsidiary, M&T Bank, offers a range of banking products and services [4] - Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and M&T Bank in select markets [4]
M&T Bank Appoints Carmen Magistro as Northern Pennsylvania Regional President
Prnewswire· 2025-03-04 13:30
Core Insights - M&T Bank has appointed Carmen Magistro as the Northern Pennsylvania Regional President, expanding his role to enhance the bank's community presence and customer service [1][2] - Magistro has over 22 years of experience in the financial services industry, with a focus on commercial banking, and has been with M&T Bank since 2009 [3] Company Overview - M&T Bank Corporation is headquartered in Buffalo, New York, and operates a branch and ATM network across the eastern U.S., from Maine to Virginia and Washington, D.C. [5] - The bank has a strong presence in Northern Pennsylvania, with 34 branches and over 45 ATMs serving various communities [4] Leadership and Community Engagement - Magistro will collaborate with the Community Bank leadership team while overseeing commercial banking operations, succeeding Phil Johnson who is retiring at the end of 2024 [2] - His commitment to local communities is highlighted by his involvement with organizations such as the Greater Wilkes Barre Chamber of Commerce and United Way of Wyoming Valley [3]
In Annual Letter, M&T Bank Chairman and CEO René Jones Reflects on the Enduring Fundamentals that Sustain Long-Term Performance
Prnewswire· 2025-03-03 13:56
Core Insights - M&T Bank's Chairman and CEO René Jones emphasizes the importance of managing liquidity, prudent capital allocation, and transparency as fundamental principles for the bank's growth and customer service [1] - The bank remains focused on these fundamentals as a guiding force in an evolving industry, recognizing the interconnectedness of banks, credit unions, insurance firms, and private credit providers [1] - Jones expresses appreciation for M&T Bank's employees, highlighting their role in fostering a positive environment for both staff and customers, which is essential for future growth [1] Company Performance - M&T Bank reported strong financial results in 2024, outperforming peer banks [3] - The bank's operating model and persistent approach are credited for its success, with ongoing investments in strategic initiatives aimed at future growth [3] Industry Context - The letter discusses the impact of bank stress tests on the growth of private credit firms, which may create unintended systemic risks [3] - A recommendation is made for the Federal Reserve to introduce new tools that provide liquidity to markets beyond its current scope [3]
M&T Bank Recognized for Its Commitment to Serving Small-Business and Middle-Market Customers
Prnewswire· 2025-02-26 15:03
Core Insights - M&T Bank has been recognized as a top bank for its commitment to serving small-business and middle-market customers by Crisil Coalition Greenwich [1][2] - The bank received 13 "Best Bank" awards in 2025 for excellence in small business and middle market banking [2] - Since 2011, M&T Bank has earned a total of 179 Coalition Greenwich Awards, showcasing its strong reputation in customer service for small-business and middle-market clients [4] Small Business Banking - M&T Bank has been awarded for various aspects of small business banking, including satisfaction with relationship managers, customer service, ease of making payments, and product capabilities in cash management [6] - The bank's focus on long-term relationships and trust has been highlighted as a key strength in its small business banking services [6] Middle Market Banking - M&T Bank has also received recognition for its middle market banking services, particularly in valuing long-term relationships and satisfaction with relationship managers [6] - The bank's commitment to supporting middle-market businesses is emphasized as part of its community banking foundation [5]
M&T Bank Corporation Announces First Quarter Common Stock Dividend
Prnewswire· 2025-02-19 22:59
Core Viewpoint - M&T Bank Corporation has declared a quarterly cash dividend of $1.35 per share on its common stock, payable on March 31, 2025, to shareholders of record as of March 3, 2025 [1]. Company Overview - M&T Bank Corporation is a financial holding company based in Buffalo, New York [2]. - The principal banking subsidiary, M&T Bank, offers banking products and services through a branch and ATM network that extends across the eastern United States, from Maine to Virginia and Washington, D.C. [2]. - Trust-related services are provided in select markets in the U.S. and internationally by M&T's Wilmington Trust-affiliated companies and M&T Bank [2].
M&T(MTB) - 2024 Q4 - Annual Report
2025-02-19 18:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________ Form 10-K __________________________________________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number 1-9861 _________________________________________________________________________________ M&T BANK CORPORATION ...
M&T Bank Corporation to Participate in the RBC Financial Institutions Conference
Prnewswire· 2025-02-06 21:01
BUFFALO, N.Y., Feb. 6, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) will participate in the RBC Financial Institutions Conference being held in New York City. Representatives of M&T are scheduled to deliver a presentation to investors and analysts on March 5, 2025, at 1:20 p.m. (ET).A link to the webcast will be available at https://ir.mtb.com/events-presentations. The webcast may contain material information as well as forward-looking information, and cautionary statements regarding such fo ...
Why M&T Bank Corporation (MTB) is a Great Dividend Stock Right Now
ZACKS· 2025-02-03 17:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yie ...