The U.S. Department of the Treasury
announced today that it is commencing an offering of the 230,000 shares of
M&T Bank Corporation (“M&T”) Fixed Rate Cumulative Perpetual Preferred
Stock, Series A, and 151,500 shares of M&T Fixed Rate Cumulative Perpetual
Preferred Stock, Series C, that Treasury holds. The preferred stock
offered by Treasury has an aggregate liquidation preference of $381.5 million.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
(“Merrill Lynch”) and Sandler O’Neill + Partners, L.P. (“Sandler O’Neill”) are
the joint bookrunning managers for the offering.
The preferred stock is being offered pursuant to an
effective shelf registration statement that has been filed with the Securities
and Exchange Commission (the “SEC”). A preliminary prospectus supplement
and related base prospectus (together, the “preliminary prospectus”) concerning
the offering was filed with the SEC on August 16, 2012, and a final prospectus
supplement and related base prospectus (together, the “final prospectus”), when
available, will be filed by M&T with the SEC and will be available on the
SEC’s website http://www.sec.gov.
Copies of the preliminary prospectus and the final
prospectus may be obtained, when available, from Merrill Lynch via email at email@example.com
or (800) 294-1322 or from Sandler O’Neill via email at firstname.lastname@example.org or
Before you invest, you should read the preliminary
prospectus and other documents M&T has filed with the SEC for more complete
information about M&T and the preferred stock.
This news release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
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