M&T Bank Corporation ("M&T") announced that its Board of Directors yesterday declared a quarterly cash dividend of $.30 per share on M&T's common stock. The dividend will be payable June 30, 2003 to stockholders of record at the close of business on June 2, 2003.

M&T is a bank holding company whose banking subsidiaries operate branch offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia.

Contact:

Michael S. Piemonte

(716) 842-5138

Web site: http://www.mandtbank.com/