M&T Bank Corporation
M&T Bank Announces Redemption of Series E Preferred Stock
Summary
On July 10, 2024, M&T Bank Corporation announced the redemption of all outstanding shares of its Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E. The redemption will occur on August 15, 2024, at a price of $1,000 per share plus accrued dividends. After the redemption, the shares will no longer be outstanding, and no further dividends will be declared.
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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.
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