M&T Bank Approved to Open Canadian Commercial Banking Branch


    


    
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<p>BUFFALO, N.Y., <span class="xn-chron">June 7</span> /CNW/ -- M&T Bank (NYSE:   MTB), one of the top 20 U.S. commercial banks, has received final approval from the Office of the Superintendent of Financial Institutions <span class="xn-location">Canada</span> (OSFI) to open a commercial banking office in <span class="xn-location">Canada</span>.</p>
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<p>M&T's branch office at 161 Bay Street in downtown <span class="xn-location">Toronto</span> will provide a range of commercial banking services, including deposit and loan products, to Canadian businesses.</p>
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<p>"<span class="xn-location">Canada</span> has a robust economy and a strong trade relationship with the U.S., with a large amount of that trade flowing across the Ontario-New York border," said M&T Bank <span class="xn-person">President Mark J. Czarnecki</span>. "M&T has been headquartered on the border for more than 150 years and our understanding of cross-border commerce, along with decades of experience serving Canadian businesses operating in the U.S., makes Ontario an ideal location for M&T's first international commercial bank office."</p>
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<p>M&T has provided banking services to the U.S. facilities of Canadian companies for more than 100 years. The new office positions M&T to serve the Canadian-based operations of those clients, and also to provide financial services to the increasing number of U.S. businesses operating in <span class="xn-location">Canada</span>.</p>
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<p>John R. MacLeod, who has more than 30 years of experience in the Canadian commercial banking industry, has been appointed Canadian Principal Officer leading M&T Bank's branch in <span class="xn-location">Toronto</span>.</p>
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    M&T's Canadian office can be reached at 416-572-2466.

    
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<p>M&T Bank, established in Buffalo, N.Y., in 1856, is one of the top 20 largest U.S. commercial bank holding companies, with approximately <span class="xn-money">$68.4 billion</span> in assets. M&T Bank operates more than 750 branches and 1800 ATMs in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey and the District of Columbia. Further information is available at <a href="http://www.mtb.com">www.mtb.com</a>.</p>
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    For Further Information:
    Chet Bridger
    716-842-5182



    

For further information: For further information: Chet Bridger of M&T Bank, +1-716-842-5182 Web Site: https://www.mtb.com

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M&T BANK CORPORATION

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