M&T is an abbreviation of Manufacturers and Traders Trust Company.
M&T Bank was founded in New York in 1856 by Pascal Paoli Pratt and Bronson Case Rumsey.
In 1902 M&T acquired Merchants Bank of Buffalo.
Soon after, the stock market collapsed and banks around the country are liquidated. M&T Bank survived, even though deposits shrunk.
From 1945 to 1966 M&T acquired 18 banking institutions.
In 1991 Warren Buffet through a subsidiary of Berkshire Hathaway, purchased $40 million in preferred stock. He continues to own 6% of M&T Bank’s stock. The company has been profitable every quarter since the early 1970’s.
Today M&T Bank trades publicly on the New York Stock Exchange under the ticker MTB, is a member of the S&P 500, is #521 in the Fortune 1,000, has 16,331 employees and had $4.996 billion in revenue in 2015.