M&T Bank Mergers and Acquisitions Summary

Financial Services Company

M&T Bank has acquired 15 companies, including 2 in the last 5 years.

M&T Bank’s largest acquisition to date was in 2021, when it acquired People s United Financial for $7.6B. M&T Bank has acquired in 8 different US states. The Company’s most targeted sectors include financial services (87%) and packaging (7%).

Join Mergr and gain access to M&T Bank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

M&T Bank

M&T Bank Corp.

One M&T Plaza,
Buffalo, New York 14203
United States,
(716) 635-4000
www.mtb.com

M&T Bank is a financial holding company. 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. M&T Bank was founded in 1856 and is based in Buffalo, New York.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 13 1 - - - 1 15
vol $5.6B $7.6B $13.2B
Sell (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
People's United Financial, Inc. 2021-02-22 7.6B USD Add-on Acquisition
Bridgeport, Connecticut · www.peoples.com
Mccue Corp. 2017-06-01 - Recapitalization
Peabody, Massachusetts · www.mccue.com
Jansy Packaging LLC 2014-11-25 - Recapitalization
Fort Lee, New Jersey · www.jansypkg.com
Hudson City Bancorp, Inc. 2012-08-27 3.7B USD Add-on Acquisition
Paramus, New Jersey · www.hcsbonline.com
Wilmington Trust Corp. 2011-05-16 351M USD Add-on Acquisition
Wilmington, Delaware · www.wilmingtontrust.com
Bradford Bank 2009-08-28 - Add-on Acquisition
Baltimore, Maryland
Provident Bankshares Corp. 2009-05-26 - Add-on Acquisition
, United States
First Horizon Bank - Mid-Atlantic Franchise 2007-12-07 - Divestiture
, United States
Partners Trust Financial Group, Inc. 2007-07-19 555M USD Add-on Acquisition
Utica, New York
Citibank - 21 Upstate New York Branches 2006-07-05 - Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Provident Bankshares Corp. 2009-05-26 Smuttynose Brewing Co. 2018-03-16 1
, United States Hampton, New Hampshire · www.smuttynose.com

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 13 (87%) 13.2B (100%) - -
Packaging 1 (7%) - - -
Real Estate 1 (7%) - - -
Total 15 $13.2B - -

By Geo

State/Country Buy Value Sell Value
United States 15 13.2B - -
  New York 4 684M - -
  New Jersey 2 3.7B - -
  Maryland 2 886M - -
  Pennsylvania 1 - - -
  Massachusetts 1 - - -
  Delaware 1 351M - -
  Connecticut 1 7.6B - -
Total 15 $13.2B - -

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Legal Deals
Wachtell, Lipton, Rosen & Katz LLP
1
Sullivan & Cromwell LLP
1

Deal Values

buy # Total
> $1B 2 $11.3B
$100M to $1B 4 $1.9B
TOTAL $13.2B
Largest People's United Financial, Inc.
$7.6B (2021-02-22)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
3 (20%)

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