M&T Bank - M&A Summary and Business Overview

Financial ServicesCompany

M&T Bank M&A Summary

M&T Bank has acquired 16 companies, including 2 in the last 5 years. It has also divested 3 assets.

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 (82%) and building materials (7%).

M&T Bank Business Overview

Where is M&T Bank headquartered?

M&T Bank is headquartered in Buffalo, New York.

What is M&T Bank’s revenue?

M&T Bank disclosed revenue of 9,398M USD for 2023 and 8,043M USD for 2022.

How many employees does M&T Bank have?

M&T Bank has 21,927 employees.

What sector is M&T Bank in?

M&T Bank is a financial services company.

When was M&T Bank founded?

M&T Bank was founded in 1856.

M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity16
    • M&A Sell Activity3
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 14 - 1 1 - - 16
vol $5.6B $7.6B $13.2B
Sell (0.6/yr) # - - 1 2 - - 3
  19

Most Recent M&A

Company Date Value Type
M&T Insurance Agency, Inc. 2022-09-29 - Divestiture
Buffalo, New York
NextGen Security LLC 2022-09-07 - Growth Capital
Exton, Pennsylvania · www.nextgensecured.com
Jansy Packaging LLC 2022-07-21 - Trade Sale
Fort Lee, New Jersey · www.jansypkg.com
Mccue Corp. 2021-09-14 - Trade Sale
Peabody, Massachusetts · www.mccue.com
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
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Wilmington Trust Corp. 2011-05-16 Wilmington Trust - CIT Business 2022-12-19 1
Wilmington, Delaware · www.wilmingtontrust.com Wilmington, Delaware
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 (81%) 13.2B (100%) - -
Building Materials 1 (6%) - 1 (33%) -
Packaging 1 (6%) - 1 (33%) -
Safety/Security 1 (6%) - - -
Insurance - - 1 (33%) -
Total 16 $13.2B 3 -

By Geo

State/Country Buy Value Sell Value
United States 16 13.2B 3 -
  New York 4 684M 1 -
  New Jersey 2 3.7B 1 -
  Maryland 2 886M - -
  Pennsylvania 2 - - -
  Massachusetts 1 - 1 -
  Delaware 1 351M - -
  Connecticut 1 7.6B - -
Total 16 $13.2B 3 -

Top M&A Advisors

Financial Deals
Lazard Ltd.
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
1
Sullivan & Cromwell
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)
19%
3 (19%)
Divested to
Strategic(s)
100%
3 (100%)

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