Release Details

BUFFALO, NEW YORK --- Manufacturers and Traders Trust Company ("M&T Bank"), the principal bank subsidiary of M&T Bank Corporation ("M&T"), is contemplating offering $350 million of subordinated notes due 2010 to certain institutional investors. Representatives of M&T Bank will meet this week with potential investors. In these meetings, Michael P. Pinto, Executive Vice President and Chief Financial Officer of M&T will be making presentations to the potential investors. As part of his presentation, Mr. Pinto will indicate that he expects third quarter earnings per share, excluding merger costs associated with M&T's pending acquisition of Keystone Financial, Inc., to meet or exceed current First Call consensus estimates. He will also state that credit quality trends are likely to remain relatively stable over the near term.

Presentation materials that will be used in these meetings are accessible via M&T's Internet home page at http://www.mandtbank.com/, under the "Items of Interest" section. Neither this press release nor these materials constitute an offer to sell or a solicitation of an offer to buy the subordinated notes. Any offering will be made only through an Offering Circular that will be provided to the potential investors.

M&T is headquartered in Buffalo, New York, and had consolidated assets of $21.7 billion as of June 30, 2000.

To view the presentation materials that will be used in these meetings, you have to position your pointer over the "View Presentation Materials " link below, and RIGHT click the mouse once. Select the "Save As" or "Save Target As" option.

View Presentation Materials