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Share Name | Share Symbol | Market | Type |
---|---|---|---|
M&T Bank Corporation | NYSE:MTB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.53 | -0.99% | 152.26 | 155.76 | 152.21 | 154.00 | 709,308 | 01:00:00 |
Funding dedicated to 42 initiatives approved for state's Neighborhood Assistance Program
HARRISBURG, Pa., Sept. 27, 2023 /PRNewswire/ -- M&T Bank (NYSE: MTB) has provided $1.22 million this year to 42 initiatives aimed at serving distressed communities or low-income neighborhoods in Pennsylvania through the state's Neighborhood Assistance Program (NAP).
The NAP program provides tax credits to businesses like M&T that donate capital to support projects approved to receive NAP funding for affordable housing, community services, crime prevention, education, job training, food access, blight, special population issues, veterans' initiatives or long-term community revitalization.
"Supporting the communities we serve is at our core, and M&T stands firmly behind the Neighborhood Assistance Program – a catalyst for igniting dynamic revitalization efforts throughout the state," said Gail D'Angelo, M&T's Regional Community Reinvestment Act (CRA) Manager. "As our neighborhoods evolve, we're thrilled to join this year's cohort of partner organizations granted NAP approval to support the profound changes they will bring across Pennsylvania."
M&T provided funding for many initiatives across its Pennsylvania footprint including in the southeast, Philadelphia and central areas with contributions totaling $290,000, $300,000 and $230,000 respectively, for the fiscal year ending June 30, 2023.
The projects M&T helped support through the NAP include:
M&T Bank has participated in the NAP program for more than 20 years, with increased contributions in each of the past three years. In the fiscal year ending June 30, 2023, the bank provided $1.22 million to 42 projects throughout the state, which represents a more than 45% increase over the previous fiscal year.
For more information about Pennsylvania's NAP tax credits and the complete list of projects approved for fiscal year 2023, please visit the Pennsylvania Department of Community & Economic Development website.
About M&T
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services in 12 states across the northeastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.
© 2023 M&T Bank. Member FDIC.
Media Contact:
Scott Graham
(410) 244-4097
sgraham1@mtb.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/mt-bank-provides-1-22-million-to-community-revitalization-programs-in-pennsylvania-301939868.html
SOURCE M&T Bank
Copyright 2023 PR Newswire
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