M&T Bank
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M&T Bank (NYSE: MTB) is an American bank. It was founded over 150 years ago in western New York, and is today headquartered in Buffalo, New York. The parent company, M&T Bank Corporation, had over $52 billion in assets as of June 30, 2004 and is one of the 20 largest bank holding companies in the U.S., with over 650 branches primarily in the Mid Atlantic States of Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, and Washington D.C..
The name M&T is an abbreviation of Manufacturers and Traders Trust Company. The company is currently headquartered in One M&T Plaza in downtown Buffalo. The bank also owns the original Buffalo Savings Bank (later Goldome, now defunct) building in Fountain Plaza, also located in downtown Buffalo. M&T Bank acquired Allfirst Bank of Baltimore, MD in July, 2003. Allfirst bank was doomed after a rogue trading scandal that shook the financial institution.
M&T Bank is the sponsor of M&T Bank Stadium, the current home of the Baltimore Ravens.
M&T Bank completed the acquisition of 21 CitiBank branches in Buffalo and Rochester New York on July 1st, 2006. The branches, employees, and accounts held at those branches all joined M&T Bank.
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