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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): | February 18, 2004 | |
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M&T BANK CORPORATION
New York
| 1-9861 | 16-0968385 | |
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| (Commission File Number) | (I.R.S. Employer Identification No.) |
| One M&T Plaza, Buffalo, New York | 14203 | |
| (Address of principal executive offices) | (Zip Code) | |
| Registrant’s telephone number, including area code: | (716) 842-5445 | |
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(NOT APPLICABLE)
| Item 5. Other Events and Regulation FD Disclosure | ||||||||
| Item 7. Financial Statements and Exhibits | ||||||||
| SIGNATURES | ||||||||
| EXHIBIT INDEX | ||||||||
| Exhibit 99 Press Release | ||||||||
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Item 5. Other Events and Regulation FD Disclosure.
M&T Bank Corporation announced today that its Board of Directors had authorized M&T Bank Corporation to repurchase up to 5,000,000 additional shares of its common stock, and disclosed that a previously reported 5,000,000 share repurchase program authorized on October 16, 2001 had been completed at an average price of $82.11 per share.
M&T Bank Corporation also announced today that its Board of Directors yesterday declared a quarterly cash dividend of $.40 per share on M&T Bank Corporation’s common stock, which represents an increase of 33% over the most recent quarterly dividend rate of $.30 per share. The dividend will be payable March 31, 2004 to stockholders of record at the close of business on February 27, 2004.
The public announcement of the foregoing matters was made by means of a news release, the text of which is set forth in Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
| Exhibit No. | ||
| 99 | News Release dated February 18, 2004. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| M&T BANK CORPORATION | ||||
| Date: February 18, 2004 | By: | /s/ Michael P. Pinto | ||
| Michael P. Pinto Executive Vice President and Chief Financial Officer |
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EXHIBIT INDEX
| Exhibit No. | ||
| 99 | News Release dated February 18, 2004. Filed herewith. |
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EXHIBIT 99
| Contact: |
Michael S. Piemonte (716) 842-5138 |
FOR IMMEDIATE RELEASE February 18, 2004 |
M&T Bank Corporation Announces 33% Dividend Increase and New Stock Buyback Program
BUFFALO, NEW YORK — M&T Bank Corporation (“M&T”) (NYSE:MTB) announced that its Board of Directors yesterday declared a quarterly cash dividend of $.40 per share on M&T’s common stock. This represents an increase of 33% over the most recent quarterly dividend rate of $.30 per share. The dividend will be payable March 31, 2004 to stockholders of record at the close of business on February 27, 2004.
M&T also announced that it has been authorized by its Board of Directors to purchase and hold as treasury stock up to 5 million additional shares of its common stock. This represents approximately 4% of common shares currently outstanding. Under this authorization, shares of common stock may be purchased from time-to-time in the open market or in privately negotiated transactions.
M&T further announced that it has completed the repurchase of 5 million shares previously authorized by its Board of Directors on October 16, 2001. The previous repurchase program was completed at an average price of $82.11 per share.
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.
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