M&T Bank Decreases Prime Rate

Core Points - M&T Bank Corporation will decrease its prime lending rate from 8.50% to 8.00% effective September 19, 2024 [1] - M&T Bank is a financial holding company headquartered in Buffalo, New York, providing banking products and services across 12 states in the northeastern U.S. [1] Company Overview - M&T Bank's principal banking subsidiary is Manufacturers and Traders Trust Company [1] - The bank operates from Maine to Virginia and Washington, D.C. [1] - Trust-related services are offered in select markets in the U.S. and internationally through Wilmington Trust-affiliated companies [1]