BUFFALO, N.Y., Nov 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced it has declared a quarterly cash dividend of $.60 per share on M&T's common stock. The dividend will be payable December 29, 2006 to stockholders of record as of the close of business on December 1, 2006.

M&T is a bank holding company whose banking subsidiaries, M&T Bank and M&T Bank, National Association, operate branch offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, and the District of Columbia.

    Investor Contact:  Donald J. MacLeod
                       (716) 842-5138

    Media Contact:     Michael C. Zabel
                       (716) 842-5385

SOURCE M&T Bank Corporation

Investors, Donald J. MacLeod, +1-716-842-5138, or Media, Michael C. Zabel,
+1-716-842-5385, both for M&T Bank Corporation

http://www.mandtbank.com

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