BUFFALO, N.Y., April 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced it has declared a quarterly cash dividend of $.45 per share on M&T's common stock. This represents an increase of 13% over the most recent quarterly dividend of $.40 per share. The dividend will be payable June 30, 2005 to stockholders of record at the close of business on June 1, 2005.

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) 842-5462

     Media Contact:     Michael C. Zabel
                        (716) 842-2311

SOURCE M&T Bank Corporation

Investor: Donald J. MacLeod, +1-716-842-5462, or Media: Michael C. Zabel,
+1-716-842-2311, of M&T Bank Corporation

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