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Our Story


M&T Bank’s most recent Community Reinvestment Act (CRA) examination by the Federal Reserve Bank of New York and the New York State Banking Department, evaluating performance for 2006 and 2007,  earned an “Outstanding “  rating from both regulatory agencies. This is the highest rating awarded and validates the effectiveness of M&T’s local approach to meeting the credit needs of the communities it serves.

M&T has earned the highest rating awarded by the Federal Reserve Bank of New York for each of its periodic examinations since 1982.  We remain committed to maintaining this level of performance, which has become our hallmark.

Copies of M&T Bank Community Reinvestment Act Performance Evaluations are available at any of our branch locations.            

M&T Bank continues its outstanding record of supporting the growth and vitality of its communities through the provision of housing, small business and commercial loans, localized community development investments, and accessibility to a full-range of products and services offered through convenient banking locations.

Housing Loans

A firm believer that homeownership is part of the American Dream, M&T provides an array of products to meet the needs of those interested in purchasing a home, refinancing an existing home or making  improvements to their dream home.

M&T made over 9,100 loans, totaling just over $726 million, to low- and moderate-income families to purchase or rehabilitate their homes during 2006 and 2007.  Just over $440 million, representing 4,500 loans, was provided for housing loans in low- and moderate-income areas over this same time.

Small Business Lending

Small businesses are significant contributors to the health of a community and M&T Bank has a long history of strong support for the small businesses throughout its markets. During 2006 and 2007, M&T made more than 25,000 small business loans for a total of nearly $5 billion.  Businesses located in low-and moderate-income communities received more than 5,000 of those loans for just over $1 billion.  Nearly 44%, or just over 11,000 of M&T’s small business loans totaling $1.3 billion, financed businesses with annual revenues of $1 million or less.   In addition, over 14,000 or 56% of M&T’s small business loans had original principal balances of $100,000 or less.

M&T Bank has been recognized for many years as a leading lender under the US Small Business Administration’s (SBA) loan programs.  During fiscal years 2006 and 2007, M&T made 2,441 SBA guaranteed loans providing for $224 million in financing for small businesses throughout its local communities.   

Community Development Lending and Investments
M&T Bank also provides financing for businesses, churches, schools, non-profits, and hospitals serving low- and moderate-income communities. In 2006 and 2007, financing for community development projects and initiatives totaled $1.96 billion in loans and letters of credit.

Through its membership in the Federal Home Loan Bank of New York and its Affordable Housing Program, M&T sponsored applications have provided $47.4 million in grant funding for the creation and retention of affordable housing throughout its markets. M&T Bank has been recognized by the Federal Home Loan Bank of New York as one of the most successful regional bank participants in its Affordable Housing Program. During 2006 and 2007, M&T Bank-sponsored applications captured awards for 30 projects, for a total of $7.7 million in grant funding.  These projects will create 977 units of affordable housing and leverage over $165.5 million in additional funding.

M&T Bank also supports its community through investments and grants.  As quality affordable housing is a challenge in many communities, many of M&T’s investments are in low-income housing tax credits, which provide much needed equity for construction and renovation projects.  Of the $74 million in new community development investment by the bank during 2006 and 2007, $35.6 million was in low-income housing tax credits.  This level of investment leveraged the creation of over 1300 units of affordable housing. 

M&T Bank has also been acknowledged for its level of charitable giving.  A significant portion of the bank’s annual giving is directed to agencies and programs that improve the quality of life for low-and moderate-income communities. In 2006 and 2007, over $8.4 million in community development grants were awarded throughout M&T’s local communities.  

In addition, M&T supports its communities through investments in local entities that develop affordable housing, support small business and create jobs.  Investments in targeted municipal bonds support necessary infrastructure improvements, such as sewers and streets, as well as schools, public housing and affordable health care facilities.

Through these actions and initiatives, M&T Bank works hard every day to “understand what’s important” to its community.

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