Manufacturers and Traders Trust Company

Headquarters

1 M And T Plz
Buffalo, NY 14203
See all branch locations →

ACH 022000046

Phone 800 724 2440

Notable Rates APY Vs.Others
Savings 0.02% 4.01% →
1-Year CD 0.05% 4.50% →
2-Year CD 0.10% 4.73% →
5-Year CD 0.10% 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Manufacturers and Traders Trust Company is an FDIC insured institution located in Buffalo, NY. It was founded in 1856 and has approximately $203.66 billion in assets. Customers can open an account at one of its 869 branches.

FDIC Insured Yes
FDIC Certificate # 588
Date Established 1856
Assets $ 203.66 billion
Loans $ 126.59 billion
Deposits $ 173.11 billion
Capital $ 24.70 billion
 

For a more detailed analysis of Manufacturers and Traders Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 28, 2022

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.02% $2,500 $2,999 Learn More
Money Market
0.02% $10,000 $14,999 Learn More
Money Market
0.02% $25,000 $29,999 Learn More
Premium Money Market Account
0.02% $10,000 $14,999 Learn More
Premium Money Market Account
0.05% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.05% $10,000 $14,999 Learn More
12 Mo CD
0.05% $100,000 $199,999 Learn More
18 Mo CD
0.10% $10,000 $14,999 Learn More
18 Mo CD
0.10% $100,000 $199,999 Learn More
24 Mo CD
0.10% $10,000 $14,999 Learn More
24 Mo CD
0.10% $100,000 $199,999 Learn More
30 Mo CD
0.10% $10,000 $14,999 Learn More
30 Mo CD
0.10% $100,000 $199,999 Learn More
36 Mo CD
0.10% $10,000 $14,999 Learn More
36 Mo CD
0.10% $100,000 $199,999 Learn More
48 Mo CD
0.10% $10,000 $14,999 Learn More
48 Mo CD
0.10% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.05% $1 $999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.02% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
MyChoice Premium Checking 0.00% $7,500 $24.95 Learn MoreShow Less
MyChoice Plus Checking 0.00% $2,500 $14.95 Learn MoreShow Less
EZChoice Checking 0.00% $0 $0.00 Learn MoreShow Less
 

Loan Rates - November 28, 2022

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Manufacturers and Traders Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.653% 7.500%
1.00 points
$3,750 fees
$1,749 Learn More
Rocket Mortgage
NMLS ID: 3030
7.400% 7.250%
1.00 points
$3,750 fees
$1,706 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
6.121% 6.000%
0.88 points
$3,245 fees
$1,499 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 6.490 %
After Intro: 7.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.240 %
$0 Learn More
More Info

Note to Manufacturers and Traders Trust Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Manufacturers and Traders Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Manufacturers and Traders Trust Company Locations



Climate Initiatives

Manufacturers and Traders Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Manufacturers and Traders Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Manufacturers and Traders Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Manufacturers and Traders Trust Company U.S. Bank Average
12% 4.06%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2022, Manufacturers and Traders Trust Company had $3,154,153,000 in non-current loans and $28,280,000 in owned real estate. To cover these potential losses it had $24,700,807,000 in equity and $1,822,318,000 in loans loss reserves. That gives it a Texas Ratio of 12%.

Return on Equity
Manufacturers and Traders Trust Company U.S. Bank Average
5.88% 9.98%

Manufacturers and Traders Trust Company has a Return on Equity of 5.88% versus the BestCashCow average of 9.98%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Manufacturers and Traders Trust Company U.S. Bank Average
12.13% 10.23%

Manufacturers and Traders Trust Company has a Capitalization of 12.13% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Manufacturers and Traders Trust Company Balance Sheet Analysis

As of June 30, 2022, Manufacturers and Traders Trust Company had assets of $203,656,265,000, loans of $126,594,660,000, and deposits of $173,105,659,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 35.04 billion
Interest-bearing balances $ 33.42 billion
Total securities $ 22.15 billion
Federal funds sold and reverse repurchase $ 250.25 million
Net loans and leases $ 126.59 billion
Loan loss allowance $ 1,822.32 million
Trading account assets $ 92.32 million
Bank premises and fixed assets N.A.
Other real estate owned $ 28.28 million
Goodwill and other intangibles $ 9.09 billion
All other assets $ 8.85 billion
     Total Assets $ 178.96 billion
LIABILITIES
Total deposits $ 173.11 billion
      Interest-bearing deposits $ 99.85 billion
      Deposits held in domestic offices $ 173.08 billion
      % insured (estimated) 51.55%
Federal funds purchased and repurchase agreements $ 616.91 million
Trading liabilities N.A.
Other borrowed funds $ 771.72 million
Subordinated debt $ 886.19 million
All other liabilities $ 3.57 billion
      Total Liabilities $ 178.96 billion
      Shareholders’ Equity $ 24.70 billion

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 2.39 billion
Total Interest Expense $ 58.59 million
Net interest income $ 2.33 billion
Provision for loan and lease losses $ 312.25 million
Total non interest income $ 870.84 million
Total non interest expense $ 2.16 billion
Pre-tax Net Operating Income $ 735.74 million

Bank Loan Profile?

The top three loan types in Manufacturers and Traders Trust Company’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks, Manufacturers and Traders Trust Company’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 21.89
Multifamily
Mortgages
4.72
Credit Card Loans 0.47
Consumer Auto Loans 3.51
Small Business Loans 2.08
Construction and Development Loans 7.40
Commercial Real Estate 24.25
Commercial and Industrial Loans 22.03
Farm Loans 0.03

Customer Reviews for Manufacturers and Traders Trust Company


  • August 5, 2020 |

    I used to go to M&T when it was still Provident Bank. M&T has been very responsive to my needs and I have been pleased with the banking experience.

  • March 26, 2016

    I have a question about the 60 Mo FIRA, 2.02% APY, min $1,000 to open. Is this for Traditional, Roth, or either? Please send a reply to mw2196@gmail.com

  • September 26, 2015

    Been an M&T Customer from it's Goldome days. They're a real bank, savings and loan... due dilligence on their mortgage properties, I had to supply a lot more paperwork than with other banks I was looking at at the time.

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