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U.S. Treasury to sell M&T Bank preferred stock
August 16, 2012 / 1:25 PM / 5 years ago

U.S. Treasury to sell M&T Bank preferred stock

WASHINGTON, Aug 16 (Reuters) - The U.S. Treasury Department said on Thursday it would sell preferred shares of M&T Bank Corp as part of its unwinding of financial crisis bailouts.

The Treasury said it would sell 230,000 shares of the Buffalo, New York-based bank. The stock closed at $86.67 on Wednesday.

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