t redirects here . for the energy efficiency technique see energy monitoring and targeting . m & t bank corporation type public traded as nyse mtb s & p 500 component industry financial services founded august 30 1856 ; 160 years ago august 30 1856 headquarters one m & t plaza buffalo new york united states key people robert g. wilmers chairman and ceo ren f. jones cfo mark j. czarnecki president products consumer banking corporate banking investment banking investment management global wealth management revenue us 4.996 billion 2015 net income us 1.08 billion 2015 1 total assets 122.79 billion 2015 1 total equity us 16.17 billion 2015 1 number of employees 16 331 2016 1 slogan understanding what s important website www.mtb.com m & t footprint as of march 2016 m & t bank headquarters buffalo m & t bank corporation is a united states bank holding company . founded in 1856 in western new york state as manufacturers and traders trust company the company headquarters are in buffalo . as of 2014 m & t bank held 134.4 billion in assets making it the 17th largest commercial bank holding company in the u.s. 2 it operates more than 700 branches in new york new jersey pennsylvania maryland delaware virginia west virginia and washington d.c. it also operates private wealth offices across the united states and in europe . warren buffett s berkshire hathaway financial investment syndicate owns 5.66 % of m & t s shares . the bank owns the original buffalo savings bank building in downtown buffalo . m & t bank also sponsors m & t bank stadium home of the baltimore ravens . contents 1 history 2 financial performance 3 wilmington trust 4 money laundering 5 associations 6 references 7 external links history edit from 1987 to 2009 m & t bank acquired 20 companies . in 1998 m & t bank acquired the assets of onbank in syracuse new york.in 1999 m & t bank acquired 29 chase bank branches in new york state with the exception of rochester and syracuse branches . in 2003 m & t bank acquired allfirst bank of baltimore a subsidiary of allied irish banks nyse aib of ireland . aib formed allfirst in 1999 by merging its newly acquired dauphin deposit corp. in the state capital of harrisburg in pennsylvania with two other recent properties the old first national bank of maryland later controlled by holding firm first maryland bancorp one of the top banks in baltimore and maryland which it had acquired in 1997 and the york bank of york pennsylvania . m & t s acquisition went through the year after allfirst in its brief life was found to have lost 691 million in the john rusnak currency trading scandal . the acquisition was m & t s largest both in terms of assets acquired and as a percentage of m & t s prior asset size . at the direction of irish government financial regulators aib sold off its 22 % ownership of m & t in autumn 2010 . on july 1 2006 m & t bank completed the acquisition of 21 citibank branches in buffalo and rochester scooping up the branches employees and accounts held at those branches . 3 in july 2007 m & t bank announced plans to acquire partners trust financial group which included 33 branches in upstate new york . m & t bank completed the acquisition on november 30 2007 . in december 2007 m & t completed the purchase of 12 first horizon national corporation branches in the greater washington d.c. and baltimore markets . in december 2008 m & t bank announced its intention to buy baltimore based provident bank of maryland formerly provident savings bank of baltimore city established 1886 and completed the deal the following may . 4 on august 28 2009 the federal deposit insurance corporation fdic seized bradford bank and sold all its deposits and most assets to m & t. 5 m & t and the fdic agreed to share future losses on 338 million worth of bradford s assets . 6 in may 2011 m & t completed the acquisition of wilmington trust for 351 million in a stock for stock transaction . 7 on august 27 2012 m & t announced its intention to purchase hudson city bancorp for 3.7 billion including 25 billion in deposits and 28 billion in loans plus 135 brick and mortar branch locations including 97 in new jersey . 8 9 the acquisition was delayed for an unprecedented three years due to a money laundering case involving an m & t branch before it was finalized on november 1 2015 . 10 financial performance edit m & t center buffalo m & t bank has been profitable every quarter since the late 1970s . in the financial crisis of 2008 and 2009 m & t was one of only two banks in the s & p 500 that didn t lower its dividend . citation needed in 2007 m & t ranked 496th on the fortune 500 company list . in 2009 m & t fell to number 535 on the same list but continued to be one of the companies on the s & p 500 stock index . as of january 2012 m & t owed 381.5 million to the u.s. government troubled asset relief program . 11 in august 2012 m & t bank repaid the u.s. government in full for the tarp bailout . citation needed wilmington trust edit wilmington trust is a subsidiary of m & t bank corporation offering global corporate and institutional services private banking investment management and fiduciary services . money laundering edit in june 2014 a u.s. district judge ordered m & t bank to forfeit 560 000 in drug proceeds that was laundered through its perry hall maryland branch . at least eight times from 2011 to 2013 deanna bailey went to the branch and had head teller sabrina fitts convert cash amounts from 20 000 to 100 000 into larger bills . fitts accepted a 1 percent transaction fee in exchange for not filing a currency transaction report . this violated the bank secrecy act of 1970 which requires all transactions of more than 10 000 to be reported to the internal revenue service . 12 m & t bank s pending acquisition of hudson city bancorp was held up for more than three years by the federal reserve board which was unconvinced that the bank s anti laundering controls were strong enough . 13 14 approval was finally granted in september 2015 and the acquisition was finalized on november 1st of that year . 15 associations edit it is a member of rebny . 16 references edit a b c d form 10k fy2015 . m & t bank . retrieved march 7 2016 . kline allissa december 10 2014 . m & t climbs to 17th among nation s largest banks . buffalo business first . retrieved december 11 2014 . appelbaum binyamin december 20 2008 . m & t agrees to buy provident bank . the washington post . retrieved may 12 2010 . m & t acquisition history . m & t bank . retrieved september 5 2010 . md. thrift seized . the baltimore sun . 2009 08 29 . retrieved 2009 08 29 . feds seize bradford bank ; m & t to buy assets . the business review . 2009 08 29 . retrieved 2009 08 20 . m & t acquires delaware bank for 351 million . latest acquisition . rochester business journal . retrieved 2 november 2010 . epstein jonathan d. 27 august 2012 . m & t to expand in new jersey with hudson city purchase . the buffalo news . archived from the original on august 31 2012 . retrieved 27 august 2012 . m & t bank to buy hudson city bancorp for 3.7 billion . new york times . aug 27 2012 . m & t bank completes acquisition of hudson city after 3 year delay . november 2 2015 . gordon marcy report taxpayers still owed 133b from bailout associated press via atlanta journal constitution january 26 2012 . retrieved 2012 01 26 . m & t bank ordered to forfeit 560 000 of laundered drug proceeds . baltimore sun . june 18 2014 . retrieved october 16 2014 . fed cites m & t for anti money laundering problems . wall street journal . june 18 2013 . retrieved october 16 2014 . drug money laundering probe costs m & t 560k . business journals . june 18 2014 . retrieved october 16 2014 . m & t bank completes acquisition of hudson city after 3 year delay . november 2 2015 . http www.rebny.com content rebny en directory member firms.html external links edit official site v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank . inclusion on this list is based on u.s. assets only and is current as of december 31 2015 . retrieved from https en.wikipedia.org w index.php title m % 26t bank & oldid 742137706 categories companies listed on the new york stock exchangeallied irish banksbanks based in new yorkcompanies established in 1856companies based in buffalo new yorkhidden categories all articles with unsourced statementsarticles with unsourced 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