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

Media Contact: 

C. Michael Zabel 

(716) 842-5385

Investor Contact:

Donald J. MacLeod

(716) 842-5138