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M&T Bank (MTB):
M&T Bank Corporation (NYSE: MTB) is a bank with principal offices located in Buffalo, New York and branches across New York, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, Washington D.C. and the Cayman Islands. As of 12/31/2007, M&T Bank managed $64.1 billion of assets, across its 704 offices. M&T offers a variety of financial services (i.e. loans, leases, checking services, deposits) to consumers, businesses, institutional clients, government organizations and financial firms. M&T makes most of it's money (% ?) from its lending operations, which are focused mainly on consumers and small and medium sized businesses within New York, PA, MD, VA, and Washington D.C., however, M&T does provide residential and commercial real estate loans in 20 other states. At 12/31/07, real estate loans to consumers represented 61% of the loan porfolio, compared to
In an attempt to grow its retail banking presence, M&T has proven to be highly acquisitive over the past few years, purchasing other banks in both New York and the Mid-Atlantic region, notably First Horizon National and Partners Trust, both acquired in late 2007. As a regional bank that participates in residential and commercial mortgage lending, [1]
At December 31, 2007, Allied Irish Bank (AIB) held approximately 24.3% of M&Ts outstanding common stock, and thus has significant influence on the company and its future.
[edit] Company Facts
- Over 1.5 million retail customers
- Over 130,000 commercial customers
[edit] References
1. Company website: http://ir.mandtbank.com/
[edit] References
- ↑ MTB
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