M&T Bank Corporation Completes Conversion of Hudson City Savings Bank

Expands Network of M&T Branches and ATMs in the Tri-State Area

16 Feb, 2016, 12:00 ET from M&T Bank

BUFFALO, N.Y., Feb. 16, 2016 /PRNewswire/ -- M&T Bank announced today that it has successfully completed its conversion of the former Hudson City Savings Bank branches it acquired in late 2015.

Today, the former Hudson City Savings Bank branches officially reopen as branches of M&T Bank, and 121 Hudson City ATMs have been converted to M&T Bank ATMs. M&T now has a total of 177 branches with more than $24 billion of bank deposits and 1,965 employees within the New Jersey-New York City-Connecticut area.

"At M&T, we are deeply committed to the success of the customers and communities we serve, and we look forward to the opportunity to bring that strong commitment into our new markets," said Robert G. Wilmers, M&T Chairman and CEO. "M&T will create a full-service, community-focused banking franchise providing a full range of services for consumers and business of all sizes, as well as our renowned wealth management and corporate trust solutions through Wilmington Trust."

"Converting these offices into M&T Bank branches gives us a platform to expand our community banking model and significantly increase our lending in New Jersey and Connecticut. We look forward to deepening our relationships with our existing clients, and building strong relationships with our new customers, who will find many of the same friendly faces serving them at these branches," said M&T Area Executive Paula Mandell.

New checks and ATM cards have already been delivered to former Hudson City Savings Bank customers and all accounts and balances have been conveniently transferred for them to M&T Bank. For specific information about the transfer of any accounts to M&T Bank, customers can call 1-800-414-9435 or visit www.mtb.com/hudsoncity. There are no immediate changes to the hours of operation at any of the former Hudson City branches.

Dennis J. Salamone, former Chairman and CEO of Hudson City, joined M&T Bank Corporation's Board of Directors in November 2015.

About M&T Bank
M&T Bank Corporation (NYSE: MTB) ("M&T") is a financial holding company headquartered in Buffalo, New York.  M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C.  Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

SOURCE M&T Bank



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