M&T; Bank is an American commercial bank. It was founded in 1856 in western New York, and is today headquartered in Buffalo at One M & T Plaza. The parent company, M&T; Bank Corporation, had $64.9 billion in assets as of March 31, 2009 and is one of the 20 largest bank holding companies in the U.S., with over 700 branches located in Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, New Jersey, and Washington, D.C.
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M&T; Bank is an American commercial bank. It was founded in 1856 in western New York, and is today headquartered in Buffalo at One M & T Plaza. The parent company, M&T; Bank Corporation, had $64.9 billion in assets as of March 31, 2009 and is one of the 20 largest bank holding companies in the U.S., with over 700 branches located in Delaware, Maryland, New York, Pennsylvania, Virginia, West Virginia, New Jersey, and Washington, D.C.
The name M&T; is an abbreviation of Manufacturers and Traders Trust Company. The bank also owns the original Buffalo Savings Bank (later Goldome, now defunct) building in Fountain Plaza, also located in downtown Buffalo. In 2003 M&T; Bank acquired Allfirst Bank of Baltimore, a subsidiary of Allied Irish Banks (NYSE: AIB). Allfirst was acquired by M&T; after the John Rusnak currency trading scandal produced a loss of $691 million that was discovered in early 2002. AIB controls 24.3% of M&T;'s outstanding shares as of December 31, 2007.
M&T; Bank is the...
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