M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding
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BUFFALO, N.Y., May 24, 2021 /PRNewswire/ M&T Bank Corporation ( M&T ) (NYSE: MTB), the nation s fifth largest Small Business Administration (SBA) lender in fiscal year 2020, today announced more than 58,000 of its business customers received approval for a total of about $9.8 billion in funding through the Paycheck Protection Program (PPP), which has now closed to most new applicants. M&T has disbursed nearly all of the approved funding to these companies, which employ more than 850,000 people across the bank s eight-state footprint.