Manufacturers and Traders Trust Company
Buffalo, New York, Erie County
$219B in total assets, the 21st largest of 4,309 US banks and 4th of 126 headquartered in New York.
- FDIC certificate
- 588
- Established
- 1856
- Owned by
- M&t Bank Corp
- Primary regulator
- FED
- Website
- www.mtb.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $219B | 36% | $255B | |
| Loans | $143B | 45% | $149B | |
| Deposits | $172B | 36% | $225B | |
| Return on assets | 1.45% | 87% | 1.20% | |
| Net interest margin | 3.84% | 81% | 3.14% | |
| Efficiency ratio | 53.6% | 36% | 54.8% | |
| Equity to assets | 12.87% | 84% | 9.69% | |
| Loans to deposits | 83% | 71% | 73% |
Growth
Total assets grew 7.8% a year over the last 5 years and 5.9% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2022 | People's United Bank, National Association Bridgeport, CT | $62.8B |
| Nov 2015 | Hudson City Savings Bank Paramus, NJ | $35.1B |
| Nov 2010 | K Bank Randallstown, MD | $538M |
| Aug 2009 | Bradford Bank Baltimore, MD | $452M |
| May 2009 | Provident Bank of Maryland Baltimore, MD | $6.2B |
| Nov 2007 | Partners Trust Municipal Bank Utica, NY | $570M |
| Nov 2007 | Partners Trust Bank Utica, NY | $3.6B |
| Jul 2003 | Allfirst Financial Center National Association Millsboro, DE | $80M |
| Jun 2003 | (unknown, CERT 34466) , NY | $89M |
| Jun 2003 | (unknown, CERT 35482) , NY | $5M |
| Apr 2003 | Allfirst Bank Baltimore, MD | $15.2B |
| Feb 2001 | Premier National Bank Poughkeepsie, NY | $1.6B |
| Oct 2000 | Keystone Financial Bank, National Association Harrisburg, PA | $6.8B |
| Jun 1999 | First National Bank of Rochester Rochester, NY | $589M |
| Apr 1998 | Franklin First Savings Bank Wilkes-Barre, PA | $1.4B |
| Apr 1998 | OnBank & Trust Co. Syracuse, NY | $3.5B |
| May 1997 | The East New York Savings Bank New York City, NY, an affiliate under the same holding company | $2.1B |
| Dec 1994 | Citizens Savings Bank FSB Ithaca, NY | $468M |
| Jul 1992 | Endicott Trust Company Endicott, NY | $291M |
| Jul 1992 | Central Trust Company Rochester, NY | $1.1B |
| Mar 1992 | The First National Bank of Highland Highland, NY, an affiliate under the same holding company | $445M |
| May 1991 | Goldome Buffalo, NY | $9.9B |
| Sep 1990 | Empire Federal Savings Bank of America Buffalo, NY | $6.9B |
| Jan 1990 | Monroe Savings Bank, FSB Rochester, NY | $521M |
| Jan 1976 | First Empire Bank - New York New York City, NY | n/a |
Where they operate
958 branches in 154 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Erie County, NY | $41.9B | 66.2% | 1 of 20 |
| New Castle County, DE | $13.3B | 2.8% | 5 of 27 |
| Baltimore City County, MD | $11.3B | 26.6% | 2 of 19 |
| Greater Bridgeport County, CT | $6.6B | 50.5% | 1 of 16 |
| Capitol County, CT | $6.0B | 11.4% | 2 of 24 |
| New York County, NY | $4.7B | 0.2% | 27 of 83 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 106 branches since 2016 (852 to 958, +12.4%). 18 opened, 345 acquired, 257 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 852 | |||
| 2016 | Opened RockvilleClosed 10 in 3 states | 1 | 10 | −9 | 843 |
| 2017 | Opened Bronx and Wilkes BarreClosed 19 in 4 states | 2 | 19 | −17 | 826 |
| 2018 | Opened PatersonClosed 33 in 6 states | 1 | 33 | −32 | 794 |
| 2019 | Opened 4 in 3 statesClosed 25 in 6 states | 4 | 25 | −21 | 773 |
| 2020 | Closed 17 in 3 states | 0 | 17 | −17 | 756 |
| 2021 | Closed 24 in 6 states | 0 | 24 | −24 | 732 |
| 2022 | Acquired People's United Bank, National AssociationOpened 3 in 2 states, closed 25 in 3 states | 348 | 25 | +323 | 1,055 |
| 2023 | Opened Newington and WaterfordClosed 53 in 7 states | 2 | 53 | −51 | 1,004 |
| 2024 | Closed 6 in 3 states | 0 | 6 | −6 | 998 |
| 2025 | Opened 4 in 4 statesClosed 21 in 6 states | 4 | 21 | −17 | 981 |
| 2026 through Q2 | Opened BronxClosed 24 in 9 states | 1 | 24 | −23 | 958 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 24% | 18% | |
| 1-4 family residential | 21% | 19% | |
| Commercial real estate | 17% | 7% | |
| Consumer | 15% | 20% | |
| Multifamily | 5% | 3% | |
| Construction and land | 2% | 2% | |
| Other | 16% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 63% | 72% | |
| Noninterest-bearing | 29% | 15% | |
| Time deposits | 9% | 13% |
Brokered deposits are 4.3% of deposits (peers 7.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.24% | 0.86% |
| Net charge-offs, annualized | 0.26% | 0.37% |
| Reserves to loans | 1.52% | 1.39% |
| Leverage ratio | 9.51% | 9.39% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in New York
Largest competitors in Erie County, NY
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/manufacturers-traders