M & T Bank Corp

Description

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company's Commercial Real Estate segment offers credit services, which are secured by various multifamily residential and commercial real estates; and deposit services. Its Discretionary Portfolio segment provides securities, residential real estate loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits, as well as foreign exchange services. The company's Residential Mortgage Banking segment originates and services residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment and automobile loans, home equity loans, lines of credit, and credit cards; investment products, including mutual funds and annuities; and other services. The company also provides trust and wealth management services; fiduciary and custodial services; investment management services; and insurance agency services, as well as reinsures credit life. It offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2016, the company had 799 banking offices in the United States, a commercial banking office in Canada, and an office in the Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.