Small Business Loan Growth Increases at M&T Bank; Loans up $259 Million Over 12 Months

 Small Business Loan Growth Increases at M&T Bank; Loans up $259 Million Over
                                  12 Months

PR Newswire

BUFFALO, N.Y., Sept. 20, 2013

BUFFALO, N.Y., Sept. 20, 2013 /PRNewswire/ -- M&T Bank (NYSE: MTB) increased
small business lending by $259 million during the last 12 months, a pace far
exceeding its plans to grow small business loans by $50 million a year which
were conveyed to the U.S. Small Business Administration in 2011.

At a White House Small Business Lender Forum held in Cleveland, Ohio in
September 2011, M&T Bank Chairman and CEO Robert G. Wilmers vowed to Vice
President Joseph R. Biden, Jr. and the U.S. Small Business Administration
(SBA) that M&T would increase small business lending by $50 million above 2010
levels for each of the next three years. M&T recently submitted its two-year
progress report to the SBA.

M&T increased new small business loan totals by $455 million over the 2010
baseline level, with the $259 million increase from September 2012 – 2013
coming on top of the $196 million increase included in M&T's first progress
report, which covered the time frame of September 2011 – 2012.

"We've long believed one of the keys to renewed U.S. economic growth has been
to get the small business job engine back on track," said M&T Bank Chairman
and CEO Bob Wilmers. "By increasing our lending to small businesses in our
communities, we're seeing those businesses create jobs, which helps generate
more housing demand and increased consumer spending."

Among the thousands of small businesses that obtained loans from M&T to fund
growth, investment and new job creation are:

  oBenjamin's Desk, a start-up firm providing shared office space and support
    services to more than 30 companies and organizations in the historic
    Allman Building in Philadelphia. Military veteran Mike Maher used a
    Patriot Express loan through the U.S. Small Business Administration and
    M&T Bank to fund the business growth.

  oMASLEY Enterprises, a Wilmington, Del-based, woman-owned small business
    that designs, engineers and manufactures specialty gloves for the U.S.
    military. Founded in 2000 by Donna and Frank Masley—a three-time Olympic
    luge athlete—the company recently moved the business to a historically
    underutilized business zone, or HUBZone, and has been recognized for using
    materials made in the U.S. as well as having a U.S.-based workforce, which
    has grown to 40 employees. The company also works with the State of
    Delaware's Blue Collar Training Fund to help a number of Delaware
    residents transition from welfare to work.

  oApnea Care of Western New York, a suburban Buffalo, N.Y. business, which
    received a $14.5 million contract from the U.S. Department of Veterans
    Affairs to provide oxygen therapy equipment to 2,800 veterans across New
    York State. A $1.5 million SBA loan through M&T Bank helped fund the new
    offices and equipment across New York. The company is in the process of
    doubling its staff to 52 employees.

  oRed Barn Technology Group, a Binghamton, N.Y., technology firm
    specializing in building high-performance computer servers and work
    stations formany prestigious universities, and military and research
    institutions across the country. The small business has used SBA loan
    products to help manage its cash flow during its computer production
    cycle. Red Barn now employs more than 20 people.

  oThornberry Consulting, based in the Greater Washington suburb of Mt. Airy,
    Md., provides engineering, management, and IT services to the Department
    of Defense. Cash flow can be a significant hardship to a small federal
    contractor such as Thornberry. M&T helped the company plan and manage its
    growth effectively through regular meetings to review accounts, the
    business plan, current contracts and projections. The company has grown
    from three employees to 26 employees in nine years, while expanding from
    one contract to 20 contracts, and anticipates adding another 20 employees
    in the next five years.

M&T is the sixth largestSmall Business Administrationlender in the nation,
based on the total number of loans made through the 7(a) loan program during
the most recently completed federal fiscal year, and the number one SBA lender
in many of its markets, including Buffalo, Rochester, Syracuse, Philadelphia,
Wilmington, Baltimore and Washington, D.C. *

About M&T Bank
Founded in 1856, M&T Bank Corp. (www.mtb.com) is one of the 20 largest U.S.
bank holding companies, with more than 725 branch offices and 2,000 ATMs in
New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and
Washington D.C.

Media Contacts
Delaware: Megen Morris (302) 651-1462
Pennsylvania, Maryland, Virginia, Washington D.C.: Philip Hosmer (410)
949-3042
New York: Chet Bridger (716) 842-5182

*According to statistics released by the U.S. Small Business Administration
(SBA) for total approved loans through the SBA's 7(a) lending program during
the federal fiscal year ending 9/30/2012.

Equal Housing Lender. ©2013 M&T Bank. Member FDIC

SOURCE M&T Bank

Website: http://www.mtb.com
 
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