M&T Bank Corporation
M&T Bank Corporation Issues New Series L Preferred Stock
Summary
On July 17, 2026, M&T Bank Corporation filed a Certificate of Amendment to establish the terms of a new series of its preferred stock, the Perpetual 6.625% Non-Cumulative Preferred Stock, Series L. The Series L Preferred Stock ranks senior to the common stock and is equally senior to other specified series of preferred stock. The public offering of 24,000,000 Depositary Shares, each representing a 1/400th interest in a share of the Series L Preferred Stock, was completed on July 21, 2026. The Series L Preferred Stock is perpetual with no maturity date and has voting rights under certain conditions. Dividends on the Series L Preferred Stock will be paid quarterly, in arrears, beginning on September 15, 2026.
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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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