Company: MTB-PJ
Filing Date: 2025-10-30
Form Type: 424B5
Source: 0001193125-25-257002
Chunk: 10

Company: M&T BANK CORP
Filing Date: 2025-10-30
Form: 424B5
Chunk 10
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 stock having the same rank upon liquidation, dissolution or winding-up as the Preferred Stock, the holders of the Preferred Stock and of that other stock                                                    
 will share in any distribution of assets in proportion to the full respective preferential amounts to which they are entitled. After the holders of the Preferred Stock and any stock having the same rank as the Preferred Stock are paid in full, they 
 will have no right or claim to any of our remaining assets. Neither the sale, lease, exchange or transfer (for cash, shares of stock, securities or other consideration) of all or any part of our property or business nor a merger or consolidation by 
 us with or into any other entity will be considered a dissolution, liquidation or winding-up of our business or affairs.                                                                                                                                 |

| Voting Rights | Holders of depositary shares do not have voting rights and will not be entitled to elect any directors, except with respect to authorizing or increasing stock ranking senior to the Preferred Stock, certain changes in terms of the Preferred 
 Stock, certain dividend non-payments and as otherwise required by applicable law. Each holder of Preferred Stock will have one vote per share                                                                                                   
 (or one-four hundredth of a vote per depositary shares) on any matter in which holders of such shares are entitled to vote, including when acting by written consent. For more information about voting                                         
 rights, see “Description of Series K Preferred Stock—Voting Rights” and “Description of the Depositary Shares—Voting the Preferred Stock.”                                                                                                      |

| Ranking | The Preferred Stock will rank, as to the payment of dividends and distribution of assets upon our liquidation, dissolution or winding-up, senior to our common stock and any other class or series 
 of shares ranking junior to the Preferred Stock upon our liquidation, dissolution or winding-up.                                                                                                   |

| The Preferred Stock will rank, as to distribution of assets upon our liquidation, dissolution or winding-up, equally with any series of preferred stock ranking equal to 
 the Preferred Stock upon our liquidation, dissolution or winding-up.                                                                                                     |

| The Preferred Stock will be subordinate to our existing and future indebtedness. |

| Preemptive and Conversion Rights | Neither holders of the depositary shares nor holders of the Preferred Stock will have any preemptive or conversion rights. |

| Listing | We intend to apply for listing of the depositary shares on the NYSE under the symbol “MTBPrK.” If the application is approved, we |

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| expect trading of the deposit