BUFFALO, N.Y., April 18, 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. This represents an increase of 33% over the most recent quarterly dividend of $.45 per share. The dividend will be payable June 30, 2006 to stockholders of record at the close of business on June 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:        C. Michael Zabel
                          (716) 842-5385

SOURCE M&T Bank Corporation

Investor Contact: Donald J. MacLeod, +1-716-842-5138; or Media Contact: C. Michael
Zabel, +1-716-842-5385

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