M&T Bank Corporation ("M&T") 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.

Media Contact: 

C. Michael Zabel 

(716) 842-5385

Investor Contact:

Donald J. MacLeod

(716) 842-5138