BUFFALO, N.Y., May 21, 2003 /PRNewswire-FirstCall via COMTEX/ --

M&T Bank Corporation ("M&T") (NYSE: MTB) announced that its Board of Directors yesterday declared a quarterly cash dividend of $.30 per share on M&T's common stock. The dividend will be payable June 30, 2003 to stockholders of record at the close of business on June 2, 2003.

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

     Contact:   Michael S. Piemonte
                (716) 842-5138

SOURCE M&T Bank Corporation

Michael S. Piemonte of M&T Bank Corporation, +1-716-842-5138

http://www.mandtbank.com

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