Manufacturers and Traders Trust Company ("M&T Bank"), the principal bank subsidiary of M&T Bank Corporation ("M&T") (NYSE: MTB), is contemplating offering $400 million of subordinated notes to certain institutional investors.
Federal and state regulators have approved M&T Bank Corporation's ("M&T")(NYSE: MTB) applications to acquire Allfirst Financial, Inc. ("Allfirst"), and M&T said the transaction will be consummated on April 1, 2003.
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