BUFFALO, N.Y. -- M&T Bank Corporation ("M&T") announced it has declared a quarterly cash dividend of $.70 per share on its common stock. The dividend will be payable March 31, 2008 to stockholders of record at the close of business on February 29, 2008.

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:
 C. Michael Zabel
 (716) 842-5385