M&T BANK CORP

M&T Bank Corporation (M&T) is a New York business corporation registered as a financial holding company (FHC) and a bank holding company (BHC) under the Bank Holding Company Act of 1956 (BHCA). The company's principal executive offices are located in Buffalo, New York. M&T was incorporated in 1969 and had consolidated total assets of $208.3 billion, deposits of $163.3 billion, and shareholders’ equity of $27.0 billion as of December 31, 2023. M&T operates through two wholly owned bank subsidiaries: M&T Bank and Wilmington Trust, N.A. M&T Bank is a commercial bank that offers a broad range of financial services to consumers, businesses, professional clients, governmental entities, and financial institutions. Wilmington Trust, N.A. offers various trust and wealth management services. In April 2022, M&T completed the acquisition of People's United, expanding its geographical footprint and management expects the Company will benefit from greater geographical diversity and the advantages of scale. M&T's business segments include Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. The company's international activities are discussed in note 18 of Notes to Financial Statements. M&T and its subsidiaries are subject to extensive regulation, examination, and oversight by various regulatory bodies, including the Federal Reserve, NYSDFS, OCC, FDIC, and SEC. The company is subject to the comprehensive regulatory framework applicable to BHCs and FHCs and their subsidiaries, and proposals to change the regulatory framework may impact the business, financial condition, or results of operations. M&T Bank is a New York chartered bank and a member of the Federal Reserve System, subject to extensive regulation, examination, and oversight by the NYSDFS and the FRB of New York. Wilmington Trust, N.A. is a national bank with operations that include fiduciary and related activities with limited lending and deposit business, subject to extensive regulation, examination, and oversight by the OCC. M&T Bank is a FHC and may engage in any activity that is financial in nature or incidental to such financial activity or complementary to a financial activity and does not pose a substantial risk to the safety and soundness of depository institutions or the financial system generally. M&T elected to become a FHC in March 2011 and is subject to enhanced prudential standards, including risk-based capital and leverage requirements, liquidity standards, risk management and risk committee requirements, stress testing requirements, and a debt-to-equity limit. Website: www.mtb.com Ticker: MTB Note: This summary does not include information about risks and policies.