Profile: M&T Bank Corp (MTB.N)
27 Jun 2016
M&T Bank Corporation (M&T), incorporated on November 6, 1969, is a bank holding company. The Company has over two bank subsidiaries: M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The banks collectively offers a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T's segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Company operates approximately 810 domestic banking offices located in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia, a full-service commercial banking office in Ontario, Canada, and an office in George Town, Cayman Islands. The Company has consolidated total assets of approximately $122.8 billion, deposits of over $92.0 billion and shareholders' equity of approximately $16.2 billion.
M&T Bank offers a range of financial services to consumers, businesses, professional clients, governmental entities and financial institutions located in its markets. In addition, the Company conducts lending activities in various states through other subsidiaries. Trust and other fiduciary services are offered by M&T Bank and through its subsidiary, Wilmington Trust Company. M&T Bank and certain of its subsidiaries also offer commercial mortgage loans secured by income producing properties or properties used by borrowers in a trade or business. Additional financial services are provided through other operating subsidiaries of the Company. Wilmington Trust, N.A. offers various trust and wealth management services. Wilmington Trust Company provides a range of Delaware based trust, fiduciary and custodial services to its clients. M&T Insurance Agency, Inc. (M&T Insurance Agency), is an insurance agency subsidiary of M&T Bank. M&T Real Estate Trust (M&T Real Estate) engages in commercial real estate lending and provides loan servicing to M&T Bank. M&T Realty Capital Corporation (M&T Realty Capital), a subsidiary of M&T Bank, engages in multifamily commercial real estate lending and provides loan servicing to purchasers of the loans it originates. M&T Securities, Inc. (M&T Securities) is a subsidiary of M&T Bank, which is licensed as a life insurance agent in each state where M&T Bank operates branch offices and in a number of other states. It provides securities brokerage, investment advisory and insurance services. Wilmington Trust Investment Advisors, Inc. (WT Investment Advisors), a subsidiary of M&T Bank, serves as an investment advisor to the Wilmington Funds, a family of mutual funds and institutional clients. Wilmington Funds Management Corporation (Wilmington Funds Management) is a subsidiary of M&T, which serves as an investment advisor to the Wilmington Funds. Wilmington Trust Investment Management, LLC (WTIM) is a subsidiary of M&T, which provides investment management services to clients, including certain private funds.
Business Banking segment
The Business Banking segment provides a range of services to small businesses and professionals within markets served by the Company through the Company's branch network, business banking centers and other delivery channels, such as telephone banking, Internet banking and automated teller machines. Services and products offered by this segment include a range of business loans and leases, including loans guaranteed by the small business administration, business credit cards, deposit products and financial services, such as cash management, payroll and direct deposit, merchant credit card and letters of credit.
Commercial Banking segment
The Commercial Banking segment provides a range of credit products and banking services for middle-market and commercial customers, within the markets served by the Company. Services provided by this segment include commercial lending and leasing, letters of credit, deposit products and cash management services.
Commercial Real Estate segment
The Commercial Real Estate segment provides credit and deposit services to its customers. The real estate securing loans in this segment is located in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, the District of Columbia and the western portion of the United States. Commercial real estate loans may be secured by apartment/multifamily buildings; office, retail and industrial space; or other types of collateral. Activities of this segment also include the origination, sales and servicing of commercial real estate loans through the Fannie Mae Delegated Underwriting and Servicing (DUS) program and other programs.
Discretionary Portfolio segment
The Discretionary Portfolio segment includes investment and trading account securities; residential real estate loans and other assets; short-term and long-term borrowed funds; brokered deposits, and Cayman Islands office deposits. This Discretionary Portfolio segment also provides foreign exchange services to customers.
Residential Mortgage Banking segment
The Residential Mortgage Banking segment originates and services residential mortgage loans, and sells those loans in the secondary market to investors or to the Discretionary Portfolio segment. In addition to the geographic regions served by or contiguous with the Company's branch network, the Company maintains mortgage loan origination offices in various states throughout the western United States. The Company periodically purchases the rights to service loans and also sub-services residential real estate loans for others. Residential real estate loans held for sale are included in this segment.
Retail Banking segment
The Retail Banking segment offers a range of services to consumers through various delivery channels, which include branch offices, automated teller machines (ATMs), telephone banking and Internet banking. The Company has branch offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. The Retail Banking segment also offers credit services, such as consumer installment loans, automobile loans (originated both directly and indirectly through dealers), home equity loans and lines of credit and credit cards. This segment also offers its customers deposit products, including demand, savings and time accounts; investment products, including mutual funds and annuities, and other services.
M&T Bank Corp
1 M And T Plz Fl 5
BUFFALO NY 14203-2309