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M&T Bank Boosts Small Business Lending by $196 million; Nearly Quadruples Pledge to SBA

BUFFALO, N.Y., Sept. 25, 2012 /PRNewswire/ — M&T Bank [1] increased small business lending by $196 million since last year, nearly quadrupling its 2011 pledge to boost loans by $50 million.

At a White House Small Business Lender Forum held in Cleveland, Ohio last September, M&T Bank Chairman and CEO Robert G. Wilmers vowed to Vice President Joseph R. Biden, Jr. and the U.S. Small Business Administration [2] (SBA) that M&T would increase small business lending by $50 million above 2010 levels for each of the next three years. M&T reported its small business lending growth in a one-year progress report to the SBA.

“Small businesses are vitally important to the creation of new jobs and economic recovery. By partnering with small businesses today, we move more confidently toward economic success tomorrow,” said M&T Bank Chairman and CEO, Bob Wilmers. “While we’ve exceeded our goal to lend to small businesses this year, our commitment is unwavering, and we will continue to seek out partnerships with businesses that will help drive the economy forward.”

Among the thousands of small businesses that obtained loans from M&T Bank to fund growth, investment and new job creation are:

M&T Bank is currently the sixth largest Small Business Administration [2] lender in the nation, the third largest east of the Mississippi, and the number one SBA lender in many of its markets, including Buffalo, Rochester, Syracuse, Philadelphia, Wilmington, Baltimore and Washington, D.C.

About M&T Bank

Founded in 1856, M&T Bank Corp. (www.mtb.com [4]) is one of the 20 largest U.S. bank holding companies, with more than 750 branch offices and 1,800 ATMs in Maryland, Washington D.C., Virginia, Pennsylvania, New York, West Virginia and Delaware.

Media Contacts
Delaware: Megen Morris (302) 651-1462
Pennsylvania, Maryland, Virginia, Washington D.C.: Philip Hosmer (410) 949-3042
New York: Chet Bridger (716) 842-5182

SOURCE M&T Bank