22 February 2017

BUFFALO, N.Y.—M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $.75 per share on its common stock.
 
This represents an increase of $.05 per share, or 7%, from the previous $.70 per share dividend paid quarterly since September 2007. The dividend will be payable March 31, 2017 to shareholders of record at the close of business on March 6, 2017.
 
M&T is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
 
Investor Contact:
Donald J. MacLeod
(716) 842?5138          
 
Media Contact:
C. Michael Zabel
(716) 842-5385
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