Release Details

BUFFALO, N.Y. --- M&T Bank Corporation ("M&T")(NYSE:MTB), today announced the completion of its 10-for-1 stock split. The additional shares of M&T's common stock were distributed on October 5, 2000 to shareholders of record as of the close of business on September 29, 2000. The split-adjusted share price will be reflected on the New York Stock Exchange when the market opens today.

M&T's shareholders approved the split on September 19, 2000. As a result of the split, the number of outstanding shares of M&T common stock increased from 7,686,444 to 76,864,440 based on the number of shares outstanding as of October 5, 2000.

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