M&T Bank Corporation Completes Public Offering of Series J Preferred Stock

Details

The Series J Preferred Stock, which is senior to the common stock, offers noncumulative cash dividends at a rate of 7.500% per annum and has no maturity date. This event follows the filing of a Certificate of Amendment with the New York State Department of State on May 9, 2024, which established the rights and preferences of the Series J Preferred Stock, and an Underwriting Agreement dated May 6, 2024.

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About M&T Bank Corporation

M&T Bank Corporation is a prominent financial holding company that provides a range of banking services to its clients. As a key player in the financial industry, M&T Bank focuses on offering a comprehensive suite of banking solutions, including commercial banking, retail banking, investment advisory, and wealth management services. Known for its community-centric approach, the corporation plays a vital role in financing small and medium-sized enterprises, thereby supporting local economies and fostering economic growth across its service regions. M&T Bank operates through a vast network of branches located primarily in the Eastern United States, leveraging its intimate knowledge of regional markets to provide personalized services to individuals, businesses, and government entities. Established in 1856 and headquartered in Buffalo, New York, M&T Bank has grown through a series of strategic acquisitions, enhancing its market presence and financial stability. The corporation's commitment to reliability and its strong financial underpinnings make it a respected institution in the banking landscape, recognized for its consistent performance and community involvement.