M&T Bank
Headquarters: One M&T Plaza
Buffalo, NY 14203
Employees: 15,320
CEO: Robert Wilmers
Stock Symbol: MTB
Website: http://www.mandtbank.com
Career Site
M&T Bank is a regional bank with over 700 branches throughout New York, Maryland, Pennsylvania, Washington D.C., Virginia, West Virginia and Delaware.
The bank's parent company, M&T Bank Corporation, has over $96.6 billion in assets and is one of the 20 largest commercial bank holding companies in the U.S.
Customers have access to an ATM network of more than 2,000 locations as well as telephone and Web Banking.
The Baltimore Ravens of the NFL play in the M&T Bank Stadium in Baltimore. M&T Bank purchased the naming rights in 2003 for $5 million annually over 15 years.
In 2014, the company reported net income of $1.07 billion, down from $1.14 billion in 2013. and revenues of $4.5 billion.
M&T announced in August 2012 it would acquire Hudson City Savings Bank in a deal worth $3.7 billion. The deal has been delayed due to concerns by the Federal Reserve over M&T's anti-money-laundering compliance.
M&T stands for Manufacturers and Trust.
Benefits
Holidays - M&T Bank Corporation observes the following holidays: New Year's Day, Dr. Martin Luther King's Birthday, Washington's Birthday, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving Day and Christmas Day.
Vacation - Vacation eligibility ranges from two - four weeks, depending on position and grade level.
Flexible Benefits - M&T Bank's Flexible Benefits Plan allows employees to choose the benefits and levels of coverage which best meet individual and/or family needs. Employees are eligible to participate in the Flexible Benefits Plan on the first of the month, following date of hire.
Health / Dental - As an added advantage to M&T Bank Corporation's Flexible Benefits Plan, eligibility to participate in any of the Health/Dental Plans is effective the first of the month, following date of hire.
Retirement Savings Plan - You may elect to contribute up to 50% of your total pay (subject to IRS limits), upon hire, provided you are age 21. Your actual biweekly contribution will be based on total pay (includes base pay, overtime, all commissions, and incentive pay). After one year of service, the Bank will match your contribution at a rate of 100% on the first 3% and 50% on the second 3% of your contributions.
In addition, you will be automatically enrolled in M&T Bank Corporation's non-contributory Retirement Accumulation Account (RAA) after completion of one year of service, in which you have worked 1000 hours, provided you are at least 21 years of age.
Life Insurance - Full-Time: Effective the first of the month following your date of hire, you will automatically be covered for one times your annual salary in life insurance at no cost to you.
Part-Time: Effective the first of the month following your date of hire, you'll automatically receive coverage for $6,000 in life insurance at no cost to you. Additional coverage levels are available under the Flexible Benefits Plan.
Long Term Disability - Full-time: Effective the first of the month following your date of hire, you will automatically receive coverage in the amount of 60% of pay, at no cost to you.
Part-time: Long-term Disability is not available to part-time employees.
Personal Accident Insurance - You have the option to purchase various dollar amounts of personal accident insurance for you and your family. Coverage is effective the first of the month following your date of hire.
Travel Accident Insurance - M&T Bank Corporation provides coverage to employees for accidental death or dismemberment as a result of business travel or assault-related accidents. Coverage is effective on date of hire at no cost to you.
Employee Banking Advantages
Deposit Products:
An interest-bearing M&T Select account with no monthly service fee assessed as long as your paychecks are automatically deposited in this account.
Free check orders.
Credit Products:
A discount on the Bank's rates for fixed-rate installment and home equity loans and a 1.5% discount on the rates for new and used automobile loans when payments are automatically deducted from an M&T checking or savings account.
0.25% off the Bank's fully-indexed rate for a home equity line of credit (with no balance transfer).
1% discount on interest rates for a new mortgage and 0.375% off the interest rates for a refinanced M&T Bank mortgage.
$100 reduction in residential mortgage application/processing fees.
Investment Products:
Through M&T Securities, Inc., receive 10% discount on commissions on individual stock and option transactions. In addition, there are no sales charges on your purchase of shares of the MTB Funds and other select mutual funds.
Through M&T Bank Trust and Investment Services, receive 20% discount on all M&T Trust services, exclusively for employees and their immediate families.
Other Bank Services:
Waiver of all M&T Bank ATM fees on your employee checking account for both M&T ATMs and non-proprietary ATM transactions.
M&T Visa Check Card with no monthly service fee.
Free Web Banking and Bill Pay
50% discount on the annual rental fee for a small safe deposit box at any branch, subject to availability.
No-fee domestic traveler's checks, money orders, official checks and stop payments.
Priority telephone banking service from M&T's Telephone Banking representatives who are assigned to handle your needs as an employee.
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