M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, including savings deposits, time deposits, negotiable order of withdrawal accounts, and noninterest-bearing deposits; and financial services, such as cash management, payroll and direct deposit, merchant credit card, and letters of credit. The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; residential mortgage loans and other assets; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits. In addition, it offers foreign exchange services. Further, M&T Bank Corporation provides consumer loans, and commercial loans and leases; credit life, and accident and health reinsurance; and insurance agency services. As of December 31, 2008, it had 684 banking offices in New York state, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia, as well as a branch in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.

-M&T Bank Corporation is the ninth-largest lender of small business loans in the nation. It is also the No. 1 small business lender in Buffalo, Rochester and Baltimore, according to data it received from the U.S. Small Business Administration.

-Net income for M&T Bank Corporation in the third quarter of 2009 was $128 million or $.97 of diluted earnings per common share, compared with $91 million or $.82 of diluted earnings per common share in the third quarter of 2008.

-M&T Bank Corporation has declared a quarterly cash dividend of $.70 per share on its common stock. The dividend will be payable December 31, 2009 to stockholders of record at the close of business on December 1, 2009.

-MTB has a market cap of $7.66 billion; and  traded at around $64.87 with a P/E ratio of 23.61 and P/S ratio of 1.7. The dividend yield is 4.5%. It had an annual average earning growth of 10.2% over the past 10 years.Technically, MTB has near-term technical support in the $63.34 price area. If the shares can continue the recent rebound, we see overhead resistance around the $69.15 price levels. Technical indicator for the stock is strong buy.  Here is the chart: