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M&T Bank is a major financial services provider offering a wide range of banking and investment services across the Northeast and Mid-Atlantic regions.
M&T Bank is a comprehensive financial services company based in New York, primarily focused on retail and commercial banking, trust and wealth management, and investment services. With consolidated total assets of $208.3 billion as of the end of 2023, the company operates primarily through its two wholly owned bank subsidiaries, M&T Bank and Wilmington Trust. The acquisition of People's United in April 2022 marked a significant expansion in the company's geographical footprint, extending its services across multiple states in the northeastern United States and southern Canada.
M&T Bank's operations are structured into three reportable segments, namely Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The company serves a diverse customer base including individuals, small to medium-sized enterprises, governmental entities, and institutional clients, providing tailored financial products and services. As of December 31, 2023, M&T Bank employed approximately 22,223 full-time and part-time employees, showcasing its robust workforce dedicated to delivering high-quality financial services.
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