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M&T Bank: The facts

With its headquarters in New York, M&T Bank is one of the oldest banks servicing in this part of America. With an asset base of $69 billion in 2010, M&T Bank is in a strong position to serve the local populace. To learn more about M&T Bank, read this article.

An overview of M&T bank

Founded in New York in 1856, M&T Bank, also known as Mandtbank, is a well-funded and long established financial institution. With 750 branches in New York, Maryland, West Virginia, Pennsylvania, Washington DC, Delaware and New Jersey, M&T provides a broad range of banking services to the populace of the North-eastern seaboard.

M&T bank financial offerings

Everyday banking
M&T bank supplies a variety of everyday banking services, which include checking, savings, online and mobile banking. Their web banking is particularly innovative. It allows the account holder to do regular online banking such as to pay their bills. However, it also allows for online trading, retirement and financial planning, and a credit check facility. Loans and credit M&T delivers a full spectrum of loan and credit services. In particular, its M&T CHOICEquity, home equity package, represents a very innovative product. It allows the mortgage holder to draw down equity from their home into a long-term loan. While this is standard, the innovative aspect of this product lies in its flexibility, which gives interest free options, options to have up to three equity loans and zero fees. Investments and Insurance
M&T banking have a full gamut of investment and insurance products on offer. Their most innovative product in this category is the Wealth Protection and Transfer Solutions. This provides a comprehensive service which helps the account holder to plan for every conceivable financial event, such as financial planning, estate planning, business succession planning and philanthropic advisement, only to mention a few.
Business M&T covers all major business banking needs, such as deposit and checking accounts, short and medium term loans, savings and insurance. Their business loan services deserve a special note. M&T supplies a regular loan service. However, they also provide an express one too. The express service can be completed in 15 minutes, takes one day to deliver a decision and three days to provide the funds, and they can supply a business with a loan of up $100,000. Commercial M&T's commercial service delivers a comprehensive range of products and services for large scale businesses. In particular, their Asset based Financing allows the business the possibility of receiving a greater loan amount than would normally be available. This is because it takes into account the company assets, as well as its balance sheet.

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