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M&T Bank Corp (MTB.N)

MTB.N on New York Stock Exchange

153.60USD
22 Aug 2017
Change (% chg)

$1.11 (+0.73%)
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$152.49
Open
$152.97
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$153.72
Day's Low
$152.34
Volume
94,693
Avg. Vol
172,418
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$173.71
52-wk Low
$112.25

Latest Key Developments (Source: Significant Developments)

M&T Bank Corporation receives no objection to its 2016 capital plan
Wednesday, 29 Jun 2016 04:48pm EDT 

M&T Bank Corp : M&T Bank Corporation receives no objection to its 2016 capital plan . M&T Bank Corp Says 2016 capital plan includes repurchase of up to $1.15 bln of common shares during four-quarter period starting on July 1, 2016 .Says increase in quarterly common stock dividend in q1 of 2017 of up to $0.05 per share to $0.75 per share.  Full Article

M&T Bank in $64 mln settlement with U.S. over mortgage loans
Friday, 13 May 2016 10:00am EDT 

M&T Bank Corp : U.S. says M&T Bank Corp to pay $64 million to resolve false claims act case over fha-insured mortgage lending . Settlement announced by U.S. Department of Justice . Was accused of knowingly certifying mortgage loans for fha insurance that did not meet underwriting requirements . Justice Department says M&T admitted to improper loan certifications from 2006-2011.  Full Article

M&T Bank Corp - M&T's Wilmington Trust indicted in U.S. over loans - Reuters
Wednesday, 6 Jan 2016 07:41pm EST 

M&T Bank Corp:Wilmington Trust Co has been indicted over its role in concealing problematic loans on its books from regulators after the financial crisis, joining four former executives who were previously charged, federal prosecutors said on Wednesday - RTRS.U.S. Attorney Charles Oberly in Delaware said Wilmington Trust, now part of Buffalo, New York-based M&T Bank Corp, was the first recipient of federal bailout money under the Troubled Asset Relief Program (TARP) to be indicted. - RTRS.M&T was not charged in the new 19-count indictment, which accuses various defendants of making false statements in securities filings and to U.S. government agencies. - RTRS.Oberly said the alleged criminal conduct in the indictment predated M&T's May 2011 purchase of Wilmington, and related solely to Wilmington's commercial banking operations - RTRS.Prosecutors accused the Wilmington defendants of having from October 2009 to November 2010 concealed the quantity of past-due loans on the company's books, making its finances look better and helping it raise $273.9 million in a February 2010 stock offering. - RTRS.In prior filings, prosecutors have said Wilmington at times underreported by more than $300 million the amount of loans at least 90 days past due. - RTRS.Wilmington received $330 million from TARP. - RTRS.  Full Article

M&T Bank Corp completes acquisition of Hudson City Bancorp, Inc
Monday, 2 Nov 2015 08:00am EST 

M&T Bank Corp:Completes its acquisition of Hudson City Bancorp, Inc Effective Nov. 1.Says Hudson City merged into a subsidiary of M&T and Hudson City Savings Bank merged into M&T Bank.  Full Article

M&T Bank Corp declares dividend on common stock
Tuesday, 20 Oct 2015 05:01pm EDT 

M&T Bank Corp:Declared a quarterly cash dividend of $.70 per share on its common stock.Dividend will be payable December 29, 2015 to shareholders of record at the close of business on October 30, 2015.  Full Article

BRIEF-M&T Bank Corporation announces second quarter results

* Q2 earnings per share view $2.27 -- Thomson Reuters I/B/E/S