M&T Bank Corporation Comments on Federal Reserve Capital Plan Review
BUFFALO, N.Y., March 15, 2013
BUFFALO, N.Y., March 15, 2013 /PRNewswire/ --M&T Bank Corporation ("M&T")
(NYSE: MTB)announced today that it, along with 10 other large bank holding
companies, participated in the Federal Reserve's 2013 Capital Plan Review
(CapPR 2013) process. The Federal Reserve did not object to the capital
distributions reflected in M&T's 2013 Capital Plan, which was approved by its
board of directors and submitted in connection with CapPR 2013. M&T will
maintain its common stock dividend at its current annual rate of $2.80 per
share, subject to approval by M&T's board of directors in the ordinary course
of business. M&T's common stock dividend has been unchanged since 2007 and
represents a 2.68% yield based upon yesterday's closing price. M&T will also
continue to pay dividends and interest on other existing equity and debt
instruments included in its regulatory capital.
M&T is a financial holding company headquartered in Buffalo, New York. M&T's
principal banking subsidiary, M&T Bank, operates banking offices in New York,
Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of
Columbia. Trust-related services are provided by M&T's Wilmington
Trust-affiliated companies and by M&T Bank.
CONTACT: Donald J. MacLeod
SOURCE M&T Bank Corporation
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