Consumer complaint received 2025-07-30 00:00:00
Product: Money transfer, virtual currency, or money service — Domestic (US) money transfer
Issue: Other transaction problem — 
Company: M&T BANK CORPORATION
State: PA

Complaint narrative:
Banking Misconduct by M & T Bank Leading to Company Closure and Further Financial Hardship Dear Consumer Financial Protection Bureau ( CFPB ) : I am writing to make a formal complaint regarding critical issues with M & T Bank, that I assert led directly to the closure of my company and subsequent additional financial hardships. This complaint concerns the mishandling of significant financial transactions related to a Partnership Buy-In Agreement for my company, and other related banking misconduct. 
Background of the Transaction : My company, XXXX, XXXX, and XXXX XXXX, accepted a " Partnership Buy-In Agreement '' with XXXX and XXXX XXXX XXXX This agreement stipulated that XXXX and XXXX XXXX , as the Buyer, would purchase a partnership interest in XXXX, XXXX, and XXXX XXXX , total capital contribution agreed upon was XXXX XXXX XXXX  ( {>= $1,000,000} USD ) with an initial non-refundable deposit of {$100000.00} USD and the funds used for the buy-in were stipulated " lawfully obtained and free of encumbrance ''. The closing of this transaction was contemplated to occur on or before XX/XX/year>. 
The Partnership Buy-In Agreement itself specifies its governing law, stating : " This Agreement shall be governed according to long antecedent strict Common Law Rule ''. Furthermore, the agreement includes an indemnification clause, where " Each party agrees to indemnify and hold the other harmless against any loss, liability, or claim arising from any breach of this Agreement or any misrepresentation made herein ''.

Banking Misconduct : My complaint centers on incidents several days after my company received a bank wire at M & T Bank for over {$100000.00}, which I overstood to be a good faith payment related to the buy-in into my company. After M & T Bank added {$100000.00} bank wire to existing money in account for multiple days my checks and withdrawals in all bank accounts at M & T Bank were reported as dishonored and withheld unjustly and unbeknownst to me. Upon telephoning M & T Bank multiple times , M & T Bank subsequently stated the bank wire was fraudulent. 
However, I spoke with the sending bank, XXXX XXXX  branch manager and XXXX XXXX  customer wire sender who initiated wire, both collectively indicated XXXX XXXX  never complained and further stated neither had ability to retrieve wire. Although repeatedly stated and requested documentation, M & T Bank never provided any written proof or substantiation for their cl aim of fraud, or for their assertion that the funds were returned to the sender. 
I clearly have not consented, nor do I consent, to the unlawful actions taken by M & T Bank, nor does M & T Banks align with regulation E. Beyond the immediate wire transfer, M & T Bank 's actions also extended to other bank accounts I held with them. M & T Bank dishonored checks in these additional bank accounts, which directly resulted in the destruction of vital business relationships and imposed further severe financial hardship on me. Furthermore, M & T Bank completely evaded all restitution for accumulated damages they caused withholding funds separate from the XXXX wire,, M & T Bank demanded access to client-privileged information in relation to these matters as a condition for them to consider reimbursement for those additional fees and damages which incidentally directly destroyed my family life. 
This course of conduct, including the unsubstantiated fraud claims, the failure to provide proof of return funds, the dishonoring of checks in other accounts, and the demand for privileged information constitutes a significant breach of duty by M & T Bank. In common law, a party has a duty not to cause injury. The arbitrary actions taken by M & T Bank, causing financial injury and destruction of business relationships, align with the common law action of trespass on the case, which applies to injuries incurred without direct violence, such as being " conned out of some money ''. Trespass on the case, sometimes simply called " case, '' is a common law action used for injuries where no violence is involved.... The original Partnership Buy-In Agreement explicitly states its governance " according to long antecedent strict Common Law Rule '', underscoring the expectation of adherence to fundamental dealings, including where " every contract important in itself an Assumpsit '' ( an obligation assumed ). 
As previously stated, I believe M & T Bank 's actions, particularly regarding wire transfers and their responsibilities to customers, are not aligned with lawful authority nor with banking Regulation E, and this extends to the arbitrary dishonoring of checks without due process or justification.

Summary of Events : 1. My company entered into a Partnership Buy-In Agreement, requiring an initial payment of {$100000.00}, potentially via wire transfer for subsequent installments. 
2. A wire transfer of {$100000.00} was received at M & T Bank. 
3. M & T Bank unilaterally claimed this was fraud, citing XXXX XXXX, without providing any verifiable evidence. 
4. No written proof of fraud or return of funds was ever provided by M & T Bank.

5. M & T Bank 's misconduct extended to dishonoring checks and or withdrawals in other company accounts, severely damaging business relationships and causing additional financial hardship.

6. To avoid restitution, M & T Bank demanded client-privileged information 7. I believe M & T Bank 's actions were in violation of banking regulations ( UCC and Regulation E, as per my understanding Federal Regulation that protects consumers against fraudulent and incorrect electronic fund transfers ( EFTs ) to or from their bank accounts regarding wire transfers and their responsibilities to customers.

8. These actions directly caused the cessation of my company 's operations.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation