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BUFFALO, N.Y. - M&T Bank (NYSE:MTB) announced Monday the creation of "Team M&T," a sponsorship initiative focused on supporting individual athletes as community leaders and advocates beyond their sporting achievements.
The program features four athletes across different sports: Emily Sonnett of Gotham FC and the U.S. Women’s National Team; Paralympian Noelle Lambert; Lois Cook of the D.C. Divas football team; and Baltimore Ravens wide receiver Zay Flowers. Each athlete is involved in community initiatives ranging from youth mentorship to providing prosthetics for young amputees. This community-focused approach aligns with M&T Bank’s strong market position, which has helped drive a notable 25.77% stock price increase over the past six months.
"Team M&T is about more than sports — it’s about leadership, resilience and making a difference," said Krista Phillips, M&T’s chief customer officer, in a press release statement.
The initiative expands on M&T’s existing sports partnerships, which include being the official bank of the Buffalo Bills and the naming rights partner for M&T Bank Stadium, home of the Baltimore Ravens.
M&T worked with women’s sports consultancy Parity to select athletes whose values align with the bank’s priorities. The selected athletes will participate in events throughout M&T’s service area and collaborate on charitable giving campaigns.
The bank stated that this approach allows it to connect with audiences across multiple markets and demographics while supporting causes championed by the athletes.
M&T Bank Corporation operates branches and ATMs across the eastern U.S. from Maine to Virginia and Washington, D.C.
In other recent news, M&T Bank Corporation announced an 11 percent increase in its quarterly dividend, raising it to $1.50 per share from the previous $1.35. This dividend will be payable on September 30, 2025, to shareholders of record as of September 2, 2025. The bank also revealed plans to lower its prime lending rate from 7.50% to 7.25%, effective September 18, 2025, which could impact various loans including credit cards and home equity lines of credit. In terms of analyst activity, Piper Sandler initiated coverage of M&T Bank with an Overweight rating and a price target of $225.00, citing the bank’s strong regional presence. Meanwhile, Morgan Stanley downgraded the stock from Overweight to Equalweight, even as it raised the price target to $251.00, highlighting the bank’s strategic execution in reducing criticized assets. Truist Securities also adjusted its outlook, raising the price target to $220.00 while maintaining a Buy rating, noting improved credit and expense guidance. These developments reflect a period of strategic adjustments and analyst evaluations for M&T Bank.
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