M&T bank

=<div><div>well jpmc, bofa, M&T, pnc, bb&t pred loan AA baltimore etc leading to bubble/recession</div><div>
</div><div>WF got civic and church to shill in guise of wealth building seminars in churches, "alt lending", black tax 15K$ some quid pro quo [see suntrust merger ltrs?]</div><div>
</div><div>The Black Butterfly: The Harmful Politics of Race and Space in America</div><div>By Lawrence T. Brown</div><div>
</div><div>=</div><div>Robert George "Bob" Wilmers (April 20, 1934 – December 16, 2017) was an American <a href="https://en.wikipedia.org/wiki/Billionaire" title="Billionaire" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">billionaire</a> banker.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[2]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-forbes-3" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[3]</a> He was the chairman and CEO of <a href="https://en.wikipedia.org/wiki/M%26T_Bank" title="M&T Bank" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">M&T Bank</a> from 1983 until his death in 2017, except for an 18 month break in 2005 - 2006.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[2]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-forbes-3" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[3]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-nocera-4" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[4]</a><div id="toc" class="toc" role="navigation" aria-labelledby="mw-toc-heading" style="border: 1px solid rgb(162, 169, 177); background-color: rgb(248, 249, 250); padding: 7px; font-size: 13.3px; display: table; color: rgb(32, 33, 34);"><input type="checkbox" role="button" id="toctogglecheckbox" class="toctogglecheckbox" style="margin: 0px; position: absolute; opacity: 0; z-index: -1; display: none;" /><div class="toctitle" lang="en" dir="ltr" style="text-align: center; direction: ltr;"><h2 id="mw-toc-heading" style="color: rgb(0, 0, 0); margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border: 0px; font-size: 13.3px; line-height: 1.3; display: inline;">Contents</h2><label class="toctogglelabel" for="toctogglecheckbox" style="cursor: pointer; color: rgb(6, 69, 173);" /></div><ul style="list-style: none; margin: 0.3em 0px; padding: 0px;"><li class="toclevel-1 tocsection-1" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#Early_life_and_education" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">1Early life and education</a></li><li class="toclevel-1 tocsection-2" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#Career" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">2Career</a></li><li class="toclevel-1 tocsection-3" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#Personal_life_and_death" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">3Personal life and death</a></li><li class="toclevel-1 tocsection-4" style="margin-bottom: 0.1em;"><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#References" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">4References</a></li></ul></div><h2 style="margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border-bottom: 1px solid rgb(162, 169, 177); font-weight: normal; font-family: "Linux Libertine", Georgia, Times, serif; line-height: 1.3; background-color: rgb(255, 255, 255);">Early life and education[<a href="https://en.wikipedia.org/w/index.php?title=Robert_G.Wilmers&action=edit&section=1" title="Edit section: Early life and education" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none; white-space: nowrap;">edit</a>]</h2>Robert George Wilmers was born in New York<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-5" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[5]</a> on April 20, 1934 as one of three children to Charles Wilmers, an executive with the Belgium utility holding company, <a href="https://en.wikipedia.org/wiki/Sofina" title="Sofina" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Sofina</a>, who would eventually become its president, and his wife Cecilia. He grew up in New York City and Belgium.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-6" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[6]</a> His sister <a href="https://en.wikipedia.org/wiki/Mary-Kay_Wilmers" title="Mary-Kay Wilmers" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Mary-Kay Wilmers</a> is the editor of the <a href="https://en.wikipedia.org/wiki/London_Review_of_Books" title="London Review of Books" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">London Review of Books</a>, the well-known literary journal.He graduated from the <a href="https://en.wikipedia.org/wiki/Phillips_Exeter_Academy" title="Phillips Exeter Academy" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Phillips Exeter Academy</a> and <a href="https://en.wikipedia.org/wiki/Harvard_College" title="Harvard College" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Harvard College</a> (1956),<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-AB-7" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[7]</a> and attended the <a href="https://en.wikipedia.org/wiki/Harvard_Graduate_School_of_Business_Administration" class="mw-redirect" title="Harvard Graduate School of Business Administration" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Harvard Graduate School of Business Administration</a>.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[2]</a><h2 style="margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border-bottom: 1px solid rgb(162, 169, 177); font-weight: normal; font-family: "Linux Libertine", Georgia, Times, serif; line-height: 1.3; background-color: rgb(255, 255, 255);">Career[<a href="https://en.wikipedia.org/w/index.php?title=Robert_G.Wilmers&action=edit&section=2" title="Edit section: Career" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none; white-space: nowrap;">edit</a>]</h2>He started his career at <a href="https://en.wikipedia.org/wiki/Bankers_Trust" title="Bankers Trust" style="background: none; text-decoration-line: none; color: rgb(6, 69, 173);">Bankers Trust</a> Co. in 1962,<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-AB-7" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[7]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="background: none; text-decoration-line: none; color: rgb(6, 69, 173);">[2</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-decoration-line: none; color: rgb(6, 69, 173); background-color: rgb(255, 255, 102);">]</a> served in New York City government under mayor <a href="https://en.wikipedia.org/wiki/John_Lindsay" title="John Lindsay" style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-decoration-line: none; color: rgb(6, 69, 173);">John Lindsay</a> as a financial official in the 1960s,<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-AB-7" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[7]</a> then went on to work at Morgan Guaranty Trust Company.He served as chairman and CEO of M&T Bank<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[2]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-forbes-3" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[3]</a> and its subsidiary, Manufacturers and Traders Trust Company (M&T Bank) since 1983.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-businessweek-2" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[2]</a>In 1992, the <a href="https://en.wikipedia.org/wiki/State_University_of_New_York" title="State University of New York" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">State University of New York</a> at Buffalo School of Management named Wilmers Niagara Frontier Executive of the Year. In 1991, the Greater Buffalo Chamber of Commerce named him Western New Yorker of the Year. He received honorary degrees from <a href="https://en.wikipedia.org/wiki/Canisius_College" title="Canisius College" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Canisius College</a> (1988), <a href="https://en.wikipedia.org/wiki/Niagara_University" title="Niagara University" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Niagara University</a> (1991) and the <a href="https://en.wikipedia.org/wiki/State_University_of_New_York_at_Buffalo" class="mw-redirect" title="State University of New York at Buffalo" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">State University of New York at Buffalo</a> (2004). He was cited by <a href="https://en.wikipedia.org/wiki/The_Buffalo_News" title="The Buffalo News" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">The Buffalo News</a> in 1987 and 1994 as a Citizen of the Year. Wilmers retired as CEO in 2005 but returned 18 months later after his successor, Robert Sadler, stepped down from the post<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-AB-7" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[7]</a> and later received the 2005 American Banker Lifetime Achievement Award. In 2008, Wilmers was awarded Chevalier of the Legion of Honor by the President of France. In December 2011, he was named Banker of the Year by American Banker.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-American_Banker-8" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[8]</a>He purchased Chateau Haut-Bailly, a winery in <a href="https://en.wikipedia.org/wiki/Bordeaux" title="Bordeaux" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Bordeaux, France</a>, in 1998.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-:0-9" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[9]</a>He served as chairman of the <a href="https://en.wikipedia.org/wiki/Empire_State_Development_Corporation" title="Empire State Development Corporation" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Empire State Development Corporation</a> from 2008 to 2009, chairman of the New York State Bankers Association in 2002 and as a director of the <a href="https://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_New_York" title="Federal Reserve Bank of New York" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Federal Reserve Bank of New York</a> from 1993 to 1998.[<a href="https://en.wikipedia.org/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">citation needed</a>]In 2011, he was named "banker of the year" by <a href="https://en.wikipedia.org/wiki/American_Banker" title="American Banker" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">American Banker</a>.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-10" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[10]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-11" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[11]</a>In January 2017, the rising value of bank stocks meant that Wilmers had become a billionaire.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-bloomberg1-1" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[1]</a><h2 style="margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border-bottom: 1px solid rgb(162, 169, 177); font-weight: normal; font-family: "Linux Libertine", Georgia, Times, serif; line-height: 1.3; background-color: rgb(255, 255, 255);">Personal life and death[<a href="https://en.wikipedia.org/w/index.php?title=Robert_G.Wilmers&action=edit&section=3" title="Edit section: Personal life and death" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none; white-space: nowrap;">edit</a>]</h2>His widow Elisabeth Wilmers is French, and they owned <a href="https://en.wikipedia.org/wiki/Ch%C3%A2teau_Haut-Bailly" title="Château Haut-Bailly" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">Château Haut-Bailly</a> from 1998 until his death, as well as the nearby property Château Le Pape from 2012 onwards.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-12" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[12]</a>Wilmers died at his home in New York City on December 16, 2017.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-13" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[13]</a><a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-14" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[14]</a> The cause of death was a heart attack while recovering from a recent surgery.<a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers#cite_note-:0-9" style="text-decoration-line: none; color: rgb(6, 69, 173); background: none;">[9]</a></div><div>=</div><div>M&T Bank Corporation is an American <a href="https://en.wikipedia.org/wiki/Bank_holding_company" title="Bank holding company" style="text-decoration-line: none; background: none;">bank holding company</a> headquartered in <a href="https://en.wikipedia.org/wiki/Buffalo,New_York" title="Buffalo, New York" style="text-decoration-line: none; background: none;">Buffalo, New York</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-auto-1" style="text-decoration-line: none; background: none;">[1]</a> It operates 780 <a href="https://en.wikipedia.org/wiki/Branch(banking)" title="Branch (banking)" style="text-decoration-line: none; background: none;">branches</a> in <a href="https://en.wikipedia.org/wiki/New_York(state)" title="New York (state)" style="text-decoration-line: none; background: none;">New York</a>, <a href="https://en.wikipedia.org/wiki/New_Jersey" title="New Jersey" style="text-decoration-line: none; background: none;">New Jersey</a>, <a href="https://en.wikipedia.org/wiki/Pennsylvania" title="Pennsylvania" style="text-decoration-line: none; background: none;">Pennsylvania</a>, <a href="https://en.wikipedia.org/wiki/Maryland" title="Maryland" style="text-decoration-line: none; background: none;">Maryland</a>, <a href="https://en.wikipedia.org/wiki/Delaware" title="Delaware" style="text-decoration-line: none; background: none;">Delaware</a>, <a href="https://en.wikipedia.org/wiki/Virginia" title="Virginia" style="text-decoration-line: none; background: none;">Virginia</a>, <a href="https://en.wikipedia.org/wiki/West_Virginia" title="West Virginia" style="text-decoration-line: none; background: none;">West Virginia</a>, <a href="https://en.wikipedia.org/wiki/Washington,D.C." title="Washington, D.C." style="text-decoration-line: none; background: none;">Washington, D.C.</a>, and <a href="https://en.wikipedia.org/wiki/Connecticut" title="Connecticut" style="text-decoration-line: none; background: none;">Connecticut</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-10K-2" style="text-decoration-line: none; background: none;">[2]</a> M&T is ranked 462nd on the <a href="https://en.wikipedia.org/wiki/Fortune_500" title="Fortune 500" style="text-decoration-line: none; background: none;">Fortune 500</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-auto-1" style="text-decoration-line: none; background: none;">[1]</a> Until May 1998, the bank's holding company was named First Empire State Corporation.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-3" style="text-decoration-line: none; background: none;">[3]</a>M&T Bank has been profitable in every quarter since 1976.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-4" style="text-decoration-line: none; background: none;">[4]</a> Other than <a href="https://en.wikipedia.org/wiki/Northern_Trust" title="Northern Trust" style="text-decoration-line: none; background: none;">Northern Trust</a>, M&T was the only bank in the <a href="https://en.wikipedia.org/wiki/S%26P_500_Index" class="mw-redirect" title="S&P 500 Index" style="text-decoration-line: none; background: none;">S&P 500 Index</a> not to lower its dividend during the <a href="https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008" title="Financial crisis of 2007–2008" style="text-decoration-line: none; background: none;">financial crisis of 2007–2008</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-5" style="text-decoration-line: none; background: none;">[5]</a>The bank owns the <a href="https://en.wikipedia.org/wiki/Buffalo_Savings_Bank" title="Buffalo Savings Bank" style="background: none; text-decoration-line: none;">Buffalo Savings Bank</a> building in downtown Buffalo. M&T Bank also sponsors <a href="https://en.wikipedia.org/wiki/M%26T_Bank_Stadium" title="M&T Bank Stadium" style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-decoration-line: none;">M&T Bank Stadium</a>, home of the <a href="https://en.wikipedia.org/wiki/Baltimore_Ravens" title="Baltimore Ravens" style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-decoration-line: none;">Baltimore Ravens</a>. M&T Bank is the official bank of the <a href="https://en.wikipedia.org/wiki/Buffalo_Bills" title="Buffalo Bills" style="background: none; text-decoration-line: none;">Buffalo Bills</a> in <a href="https://en.wikipedia.org/wiki/Western_New_York" title="Western New York" style="background: none; text-decoration-line: none;">Western New York</a> and of their home <a href="https://en.wikipedia.org/wiki/Bills_Stadium" class="mw-redirect" title="Bills Stadium" style="background: none; text-decoration-line: none;">Bills Stadium</a> in <a href="https://en.wikipedia.org/wiki/Orchard_Park,New_York" class="mw-redirect" title="Orchard Park, New York" style="background: none; text-decoration-line: none;">Orchard Park, New York</a>. <a href="https://en.wikipedia.org/wiki/Wilmington_Trust" title="Wilmington Trust" style="background: none; text-decoration-line: none;">Wilmington Trust</a> is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services.
In the mid-19th century, few banking options existed for the growing number of manufacturers in the city of Buffalo. As a result, businessmen Pascal Pratt and Brownson Rumsey founded M&T Bank in 1856 as "Manufacturers and Traders Trust Company".<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-6" style="text-decoration-line: none; background: none;">[6]</a> The company opened its first branch on August 29 of that year at 2 East Swan Street in Buffalo.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-history-7" style="text-decoration-line: none; background: none;">[7]</a>In 1983, <a href="https://en.wikipedia.org/wiki/Robert_G.Wilmers" title="Robert G. Wilmers" style="text-decoration-line: none; background: none;">Robert G. Wilmers</a> was named Chairman and CEO, a position he held until his death in December 2017.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-history-7" style="text-decoration-line: none; background: none;">[7]</a>Between 1987 and 2009, M&T Bank acquired 20 financial institutions, as follows:<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-8" style="text-decoration-line: none; background: none;">[8]</a><ul style="list-style-image: url(" w="w" skins="skins" vector="Vector" resources="resources" common="common" images="images" bullet-icon.svg="bullet-icon.svg" d4515="d4515" margin="margin" em="em" px="px" padding="padding" color="color" rgb="rgb" font-size="font-size" background-color="background-color"><li style="margin-bottom: 0.1em;">December 1987: East New York Savings of <a href="https://en.wikipedia.org/wiki/New_York_City" title="New York City" style="text-decoration-line: none; background: none;">New York City</a></li><li style="margin-bottom: 0.1em;">January 1989: Monroe Savings Bank of <a href="https://en.wikipedia.org/wiki/Rochester,New_York" title="Rochester, New York" style="text-decoration-line: none; background: none;">Rochester, New York</a></li><li style="margin-bottom: 0.1em;">September 1990: Assets of Empire of America Savings Bank of Buffalo (along with <a href="https://en.wikipedia.org/wiki/KeyBank" title="KeyBank" style="text-decoration-line: none; background: none;">KeyBank</a> and others)</li><li style="margin-bottom: 0.1em;">May 1991: Assets of Goldome Bank of Buffalo (along with <a href="https://en.wikipedia.org/wiki/KeyBank" title="KeyBank" style="text-decoration-line: none; background: none;">KeyBank</a> and others)</li><li style="margin-bottom: 0.1em;">July 1992: Central Trust and Endicott Trust of <a href="https://en.wikipedia.org/wiki/Rochester,New_York" title="Rochester, New York" style="text-decoration-line: none; background: none;">Rochester, New York</a> and <a href="https://en.wikipedia.org/wiki/Binghamton,New_York" title="Binghamton, New York" style="text-decoration-line: none; background: none;">Binghamton, New York</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-9" style="text-decoration-line: none; background: none;">[9]</a></li><li style="margin-bottom: 0.1em;">December 1994: Hudson Valley branches of <a href="https://en.wikipedia.org/wiki/Chemical_Bank" title="Chemical Bank" style="text-decoration-line: none; background: none;">Chemical Bank</a>; New York and Ithaca Bancorp of <a href="https://en.wikipedia.org/wiki/Ithaca,New_York" title="Ithaca, New York" style="text-decoration-line: none; background: none;">Ithaca, New York</a>.</li><li style="margin-bottom: 0.1em;">July 1995: Hudson Valley branches of <a href="https://en.wikipedia.org/wiki/Chase(bank)" class="mw-redirect" title="Chase (bank)" style="text-decoration-line: none; background: none;">Chase Manhattan</a></li><li style="margin-bottom: 0.1em;">January 1997: Green Point Bank branches of <a href="https://en.wikipedia.org/wiki/Westchester,New_York" class="mw-redirect" title="Westchester, New York" style="text-decoration-line: none; background: none;">Westchester, New York</a></li><li style="margin-bottom: 0.1em;">June 1999: First National Bank of Rochester</li><li style="margin-bottom: 0.1em;">April 1998: OnBank of <a href="https://en.wikipedia.org/wiki/Syracuse,New_York" title="Syracuse, New York" style="text-decoration-line: none; background: none;">Syracuse, New York</a><a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-10" style="text-decoration-line: none; background: none;">[10]</a></li><li style="margin-bottom: 0.1em;">September 1999: 29 Chase Bank Branches in Buffalo, Jamestown, and Binghamton<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-11" style="text-decoration-line: none; background: none;">[11]</a></li><li style="margin-bottom: 0.1em;">October 2000: Keystone Financial of Central Pennsylvania<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-12" style="text-decoration-line: none; background: none;">[12]</a></li><li style="margin-bottom: 0.1em;">February 2001: Premier Nation Bancorp of Newburgh<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-13" style="text-decoration-line: none; background: none;">[13]</a></li><li style="margin-bottom: 0.1em;">April 2003: Allfirst Bank of <a href="https://en.wikipedia.org/wiki/Baltimore" title="Baltimore" style="text-decoration-line: none; background: none;">Baltimore</a>, a subsidiary of <a href="https://en.wikipedia.org/wiki/Allied_Irish_Banks" title="Allied Irish Banks" style="text-decoration-line: none; background: none;">Allied Irish Banks</a> of <a href="https://en.wikipedia.org/wiki/Ireland" title="Ireland" style="text-decoration-line: none; background: none;">Ireland</a>, in exchange for 26.7 million shares of M&T and $886 million in cash.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-14" style="text-decoration-line: none; background: none;">[14]</a><a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-15" style="text-decoration-line: none; background: none;">[15]</a> At the direction of Irish government financial regulators, AIB sold its 22% ownership interest in M&T in 2010.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-16" style="text-decoration-line: none; background: none;">[16]</a></li><li style="margin-bottom: 0.1em;">July 2006: 21 <a href="https://en.wikipedia.org/wiki/Citibank" title="Citibank" style="text-decoration-line: none; background: none;">Citibank</a> branches in Buffalo and Rochester<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-17" style="text-decoration-line: none; background: none;">[17]</a></li><li style="margin-bottom: 0.1em;">December 2007: Partners Trust Financial Group, including 33 branches in <a href="https://en.wikipedia.org/wiki/Upstate_New_York" title="Upstate New York" style="text-decoration-line: none; background: none;">upstate New York</a>, for $555 million.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-18" style="text-decoration-line: none; background: none;">[18]</a></li><li style="margin-bottom: 0.1em;">December 2007: 12 <a href="https://en.wikipedia.org/wiki/First_Horizon_National_Corporation" class="mw-redirect" title="First Horizon National Corporation" style="text-decoration-line: none; background: none;">First Horizon National Corporation</a> branches in the greater Washington D.C. and Baltimore markets.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-19" style="text-decoration-line: none; background: none;">[19]</a></li><li style="margin-bottom: 0.1em;">May 2009: <a href="https://en.wikipedia.org/wiki/Provident_Bank_of_Maryland" title="Provident Bank of Maryland" style="text-decoration-line: none; background: none;">Provident Bank of Maryland</a> in a stock transaction.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-20" style="text-decoration-line: none; background: none;">[20]</a></li><li style="margin-bottom: 0.1em;">August 2009: The <a href="https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation" title="Federal Deposit Insurance Corporation" style="text-decoration-line: none; background: none;">Federal Deposit Insurance Corporation</a> (FDIC) seized Bradford Bank and sold all its deposits and most assets to M&T.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-21" style="text-decoration-line: none; background: none;">[21]</a> M&T and the FDIC agreed to share future losses on $338 million worth of Bradford's assets.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-22" style="text-decoration-line: none; background: none;">[22]</a></li></ul>In May 2011, M&T acquired <a href="https://en.wikipedia.org/wiki/Wilmington_Trust" title="Wilmington Trust" style="text-decoration-line: none; background: none;">Wilmington Trust</a> for $351 million in stock.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-23" style="text-decoration-line: none; background: none;">[23]</a>On August 27, 2012, M&T announced the acquisition of <a href="https://en.wikipedia.org/wiki/Hudson_City_Bancorp" title="Hudson City Bancorp" style="text-decoration-line: none; background: none;">Hudson City Bancorp</a> for $3.7 billion. The bank had $25 billion in deposits and $28 billion in loans and 135 brick-and-mortar branch locations including 97 in New Jersey.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-24" style="text-decoration-line: none; background: none;">[24]</a> The acquisition was delayed for 3 years due to a money laundering case involving an M&T branch and the acquisition closed on November 2, 2015.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-25" style="text-decoration-line: none; background: none;">[25]</a><a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-26" style="text-decoration-line: none; background: none;">[26]</a>In 2008, M&T received a $600 million investment by the <a href="https://en.wikipedia.org/wiki/United_States_Treasury" class="mw-redirect" title="United States Treasury" style="text-decoration-line: none; background: none;">United States Treasury</a> as a result of the <a href="https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program" title="Troubled Asset Relief Program" style="text-decoration-line: none; background: none;">Troubled Asset Relief Program</a> (TARP) and M&T assumed another $482 million in TARP obligations from its acquisitions.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-health-27" style="text-decoration-line: none; background: none;">[27]</a> In 2011, the bank repaid $700 million of TARP funds.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-health-27" style="text-decoration-line: none; background: none;">[27]</a>On December 16, 2017, Robert Wilmers died and non-Executive Chairman Robert T. Brady became acting Chairman and CEO.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-28" style="text-decoration-line: none; background: none;">[28]</a> On December 20, 2017, René F. Jones was appointed Chairman and Chief Executive Officer.On February 22, 2021, M&T Bank announced an agreement to acquire <a href="https://en.wikipedia.org/wiki/People%E2%80%99s_United_Bank" class="mw-redirect" title="People’s United Bank" style="text-decoration-line: none; background: none;">People’s United Bank</a> in an all-stock transaction valuing at approximately $7.6 billion.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-29" style="text-decoration-line: none; background: none;">[29]</a><a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-30" style="text-decoration-line: none; background: none;">[30]</a><h2 style="margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border-bottom: 1px solid rgb(162, 169, 177); font-weight: normal; font-family: " linux="Linux" libertine="Libertine" georgia="Georgia" times="Times" serif="serif" line-height="line-height" background-color="background-color" rgb="rgb">Legal issues[<a href="https://en.wikipedia.org/w/index.php?title=M%26T_Bank&action=edit&section=2" title="Edit section: Legal issues" style="text-decoration-line: none; background: none; white-space: nowrap;">edit</a>]</h2><h3 style="margin: 0.3em 0px 0px; padding-top: 0.5em; padding-bottom: 0px; overflow: hidden; line-height: 1.6; background-color: rgb(255, 255, 255);">Money laundering[<a href="https://en.wikipedia.org/w/index.php?title=M%26T_Bank&action=edit&section=3" title="Edit section: Money laundering" style="text-decoration-line: none; background: none; white-space: nowrap;">edit</a>]</h3>In June 2014, a U.S. District Judge ordered M&T Bank to forfeit $560,000 in drug proceeds that had been <a href="https://en.wikipedia.org/wiki/Money_laundering" title="Money laundering" style="text-decoration-line: none; background: none;">laundered</a> through its <a href="https://en.wikipedia.org/wiki/Perry_Hall,_Maryland" title="Perry Hall, Maryland" style="text-decoration-line: none; background: none;">Perry Hall, Maryland</a>, branch. At least 8 times from 2011 to 2013, Deanna Bailey, a drug dealer, went to the branch and had head teller Sabrina Fitts convert cash amounts from $20,000 to $100,000 into larger bills.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-31" style="text-decoration-line: none; background: none;">[31]</a> Fitts accepted a 1% transaction fee in exchange for not filing a <a href="https://en.wikipedia.org/wiki/Currency_transaction_report" title="Currency transaction report" style="text-decoration-line: none; background: none;">currency transaction report</a>. This violated the <a href="https://en.wikipedia.org/wiki/Bank_Secrecy_Act_of_1970" class="mw-redirect" title="Bank Secrecy Act of 1970" style="text-decoration-line: none; background: none;">Bank Secrecy Act of 1970</a> which requires all cash transactions of more than $10,000 to be reported to the <a href="https://en.wikipedia.org/wiki/Internal_Revenue_Service" title="Internal Revenue Service" style="text-decoration-line: none; background: none;">Internal Revenue Service</a>.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-32" style="text-decoration-line: none; background: none;">[32]</a>The acquisition of <a href="https://en.wikipedia.org/wiki/Hudson_City_Bancorp" title="Hudson City Bancorp" style="text-decoration-line: none; background: none;">Hudson City Bancorp</a> was delayed for more than 3 years by the Federal Reserve Board, which was unconvinced that the bank's anti-laundering controls were strong enough.<a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-33" style="text-decoration-line: none; background: none;">[33]</a><a href="https://en.wikipedia.org/wiki/M%26T_Bank#cite_note-34" style="text-decoration-line: none; background: none;">[34]</a><h2 style="margin: 1em 0px 0.25em; padding: 0px; overflow: hidden; border-bottom: 1px solid rgb(162, 169, 177); font-weight: normal; font-family: " linux="Linux" libertine="Libertine" georgia="Georgia" times="Times" serif="serif" line-height="line-height" background-color="background-color" rgb="rgb">References</h2></div><div>=</div></div>