BUFFALO, N.Y., Jul 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that the Executive Committee of its Board of Directors yesterday declared a quarterly cash dividend of $.40 per share on M&T's common stock. The dividend will be payable September 30, 2004 to stockholders of record at the close of business on September 2, 2004.

M&T is a bank holding company whose banking subsidiaries, Manufacturers and Traders Trust Company 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

Investor: Donald J. Macleod, +1-716-842-5138, or Media: Michael
C. Zabel, +1-716-842-5385, both of M&T Bank Corporation

http://www.mandtbank.com

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