M&T Bank Greenfield (2024)

FAQs

What bank is M&T merging with? ›

Connecticut Attorney General William Tong has been a frequent critic of M&T Bank's customer service since the company completed in April 2022 its $8.3 billion acquisition of People's United Bank.

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, M&T Bank Corporation's principal bank is now known as Manufacturers and Traders Trust Company, or M&T Bank.

M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. 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 August 14, 2023, M&T Bank filed a notice of data breach with the Attorney General of Massachusetts. In this notice, M&T explains that the incident resulted in an unauthorized party being able to access consumers' sensitive information, including their names and financial account information.

The ownership structure of M&T Bank (MTB) stock is a mix of institutional, retail and individual investors. Approximately 73.38% of the company's stock is owned by Institutional Investors, 5.90% is owned by Insiders and 20.72% is owned by Public Companies and Individual Investors.

Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress. M&T Bank has the Financial Strength Rank of 4.

Continue to use your existing checks until they run out. When you order new checks, they will have M&T Bank's routing number. Any existing direct deposits or transfers set up at People's United should have continued without interruption.

Founded in 1856, M&T Bank is one of the top full-service U.S.-based commercial banks, with over 21,000 employees and a long history of community-focused banking.

Our headquarters are located in Buffalo, NY. Our New England regional headquarters will be in the current People's United location in Bridgeport, CT.

What is the largest bank in the United States? ›

1. JPMorgan Chase – $3.5 trillion. Columbus, Ohio-based JPMorgan Chase is the largest US bank with total assets of $3.503 trillion. Some $2.684 trillion are domestic assets, accounting for 77% of its total assets.

PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.

As of August 27, 2024, M&t Bank Corp had a $27.9 billion market capitalization, putting it in the 93rd percentile of companies in the Banks industry. Currently, M&t Bank Corp's price-earnings ratio is 11.3. M&t Bank Corp's trailing 12-month revenue is $10.6 billion with a 21.2% profit margin.

Dedicated Relationship B​​​ankers

Your M&T Relationship Banker will work hard to earn – and keep – your trust. All of our Relationship Bankers are trained and dedicated to helping you find the banking products and financial solutions that fit your needs today, and as your needs grow.