BUFFALO, N.Y., July 18, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced it has declared a quarterly cash dividend of $.70 per share on its common stock. This represents an increase of 17% over the most recent quarterly dividend of $.60 per share. The dividend will be payable September 28, 2007 to stockholders of record at the close of business on September 4, 2007.

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, New Jersey, 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

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

http://www.mandtbank.com

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