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From 1987 to 2009, M&T Bank acquired 20 companies.
In 1998, M&T Bank acquired the assets of OnBank in Syracuse, New York.In 1999 M &T Bank acquired 29 Chase Bank branches in New York State with the exception of Rochester and Syracuse Branches.
In 2003, M&T Bank acquired Allfirst Bank of Baltimore, a subsidiary of Allied Irish Banks (NYSE: AIB) of Ireland. AIB formed Allfirst in 1999 by merging its newly acquired Dauphin Deposit Corp. in the state capital of Harrisburg, in Pennsylvania with two other recent properties: the old First National Bank of Maryland (later controlled by holding firm, First Maryland Bancorp) one of the top banks in Baltimore and Maryland, which it had acquired in 1997, and The York Bank of York, Pennsylvania. M&T's acquisition went through the year after Allfirst in its brief life was found to have lost $691 million in the John Rusnak currency trading scandal. The acquisition was M&T's largest, both in terms of assets acquired and as a percentage of M&T's prior asset size. At the direction of Irish government financial regulators, AIB sold off its 22% ownership of M&T in Autumn 2010.
On July 1, 2006, M&T Bank completed the acquisition of 21 Citibank branches in Buffalo and Rochester, scooping up the branches, employees, and accounts held at those branches.[3]
In July 2007, M&T Bank announced plans to acquire Partners Trust Financial Group, which included 33 branches in upstate New York. M&T Bank completed the acquisition on November 30, 2007.
In December 2007, M&T completed the purchase of 12 First Horizon National Corporation branches in the greater Washington D.C. and Baltimore markets.
In December 2008, M&T Bank announced its intention to buy Baltimore-based Provident Bank of Maryland (formerly Provident Savings Bank of Baltimore City, established 1886), and completed the deal the following May.[4]
On August 28, 2009, the Federal Deposit Insurance Corporation (FDIC) seized Bradford Bank, and sold all its deposits and most assets to M&T.[5] M&T and the FDIC agreed to share future losses on $338 million worth of Bradford's assets.[6]
In May 2011, M&T completed the acquisition of Wilmington Trust for $351 million in a stock-for-stock transaction.[7]
On August 27, 2012, M&T announced its intention to purchase Hudson City Bancorp for $3.7 billion, including $25 billion in deposits and $28 billion in loans, plus 135 brick-and-mortar branch locations including 97 in New Jersey.[8][9] The acquisition was delayed for an unprecedented three years due to a money laundering case involving an M&T branch, before it was finalized on November 1, 2015
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