M&T Bank Corporation Updates Shelf Program for Series C and Series D Medium-Term Notes

Overview

On September 22, 2026, M&T Bank Corporation filed a Form 424B5 prospectus supplement (Registration No. 333-299064) covering its ongoing Medium-Term Note program, consisting of:

• Senior Medium-Term Notes, Series C (maturities of 9 months or more)
• Subordinated Medium-Term Notes, Series D (maturities of 5 years or more)

Key Offering Details

• Issuer: M&T Bank Corporation
• Ranking:
  • Series C notes rank equally with all other unsecured and unsubordinated debt of the parent company.
  • Series D notes are subordinated in right of payment to senior indebtedness and certain other obligations upon insolvency.
• Rate Structures Available: Fixed rate, floating rate (benchmarks including SOFR, CORRA, EURIBOR, SONIA, CMT Rate, or Treasury Rate), fixed rate reset notes, and zero-coupon notes.
• Distribution Syndicate: Arranged by RBC Capital Markets, alongside an extensive syndicate of dealers including BofA Securities, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, and affiliate M&T Securities, Inc.
• Use of Proceeds: General corporate purposes, including financing or capital injections for bank/non-bank subsidiaries, debt repayment, general investments, corporate acquisitions, and potential common share repurchases.

Market Impact & Significance

This filing establishes the framework and standard terms for future takedowns under M&T Bank Corporation's shelf registration. Individual pricing supplements will govern the size, interest rates, and maturity dates of specific issuances when offered to the market.