M&T Bank Corporation · Buffalo, NY United States ·(NYSE: MTB)
Company Description
Phone: 716-842-5445
Fax: 716-842-5839
Toll Free: 800-724-2440
Rankings
- #496 in FORTUNE 500
- S&P 500
View M&T Bank Corporation Locations On A US Map
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This link will open in a new window M&T Bank Corporation is making a splash in the mid-Atlantic. It is the holding company of M&T Bank, which operates about 800 branches in the Mid-Atlantic and Northeast. The bank provides access to more than 1,800 ATMs in the region. M&T offers deposit, loan, trust, and investment services to individuals and small and mid-sized businesses. Subsidiaries offer securities brokerage, mutual funds, wholesale banking, leasing, and other services. M&T Bank also owns an insurance agency and a mortgage reinsurance firm. The company bought
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Key M&T Bank Corporation Financials
| Company Type | Public - NYSE: MTB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,878.8 |
| 2008 Employees | 13,620 |
M&T Bank Corporation Executives
66 executives listed for M&T Bank Corporation's Buffalo, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO, M&T Bank Corporation and M&T Bank | Robert Wilmers | Network |
| Vice Chairman, M&T Bank Corporation and M&T Bank | Jorge Pereira | Network |
| Vice Chairman, M&T Bank Corporation and M&T Bank | Robert Sadler | Network |
Competition
Competitive Landscape for M&T Bank Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top M&T Bank Corporation Competitors
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