BUFFALO, N.Y., Oct 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced that it has declared a quarterly cash dividend of $.40 per share on M&T's common stock. The dividend will be payable December 31, 2004 to stockholders of record at the close of business on December 1, 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:      C. Michael Zabel
                         (716) 842-5385

SOURCE M&T Bank Corporation

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

http://www.mandtbank.com

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