M&T Bank Corporation (Manufacturers and Traders Trust Company) is an American bank holding company headquartered in Buffalo, New York. It operates 1680 branches in New York, New Jersey, Connecticut, Pennsylvania, Maine, Maryland, Massachusetts, New Hampshire, Delaware, Vermont, Virginia, West Virginia, and Washington, D.C. M&T is ranked 519th on the Fortune 500 list based on 2021 revenues. Until May 1998, the bank's holding company was named First Empire State Corporation. M&T Bank has been profitable in every quarter since 1976. Other than Northern Trust, M&T was the only bank in the S&P 500 Index not to lower its dividend during the financial crisis of 2007–2008. The bank owns the Buffalo Savings Bank building in downtown Buffalo, and Bridgeport Center in Bridgeport, Connecticut. M&T Bank also sponsors M&T Bank Stadium, home of the Baltimore Ravens. M&T Bank is the official bank of the Buffalo Bills in Western New York and of their home Bills Stadium in Orchard Park, New York. Wilmington Trust is a subsidiary of M&T Bank Corporation, offering global corporate and institutional services, private banking, investment management, and fiduciary services. History 19th century In the mid-19th century, few banking options existed for the growing number of manufacturers in the city of Buffalo. As a result, businessmen Pascal Pratt and Brownson Rumsey founded M&T Bank in 1856 as "Manufacturers and Traders Trust Company". Henry Martin, former president of the Attica and Buffalo Railroad, is appointed the first president and assigned a salary of $1,000 a year. The company opened its first office on August 29 of that year at 2 East Swan Street in Buffalo. In 1885, Martin retired as president, at the age of 83, and was succeeded by Pascal Pratt, who had served as Vice President since the bank was formed. 20th century In 1901, the bank builds a new headquarters on a site purchased for $210,000 near the southwest corner of Main and Swan Streets in Buffalo. The granite neo-classical building was designed by architect E. B. Green of Green & Wicks. By 1914, Robert Livingston Fryer was the bank's President. In 1917, Harry T. Ramsdell, the bank's fourth president, serves as a district chairman for a special subscription committee of the national Liberty Loan program. Following the 1925 merger with Fidelity Trust, the $100 million company was headed by Fidelity's President, 36-year-old Lewis G. Harriman. Harriman and a group of investors including A. H. Schoellkopf, from the