M&T Bank Customers Secure Nearly $10 Billion in Paycheck Protection Program Funding News provided by Share this article Share this article 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.