Manufacturers and Traders Trust Company

One M And T Plaza
Buffalo, NY 14203

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 588
Date Established 1856
Assets $120.36 billion
Loans $87.82 billion
Deposits $95.22 billion
Capital $14.66 billion

Manufacturers and Traders Trust Company is an FDIC insured institution located in Buffalo, NY. It was founded in 1856 and has approximately $120.36 billion in assets. Customers can open an account at one of its 868 branches.

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.

Bank Loan Profile?

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

Compared to other banks in New York, Manufacturers and Traders Trust Company has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 29.79
Multifamily
Mortgages
4.74
Credit Card Loans 0.48
Consumer Auto Loans 3.68
Small Business Loans 2.45
Construction and Development Loans 8.67
Commercial Real Estate 24.29
Commercial and Industrial Loans 19.89
Farm Loans 0.09

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.05% $1,000 - Learn MoreShow Less
6 Mo CD 10K
0.05% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.10% $1,000 - Learn MoreShow Less
Special: 60 Mo FIRA
1.51% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.05% $1,000 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.03% $2,500 $9,999 Learn MoreShow Less
MM 10K
0.03% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.05% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.01% $1 $2,499 Learn MoreShow Less
Int Ckg 2.5K
0.01% $2,500 $9,999 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 $6.95 Learn MoreShow Less

Loan Rates

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $628 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
3.832% 3.750% 0.00 $2,500 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More
Flagstar Bank 4.990% $268.11 Learn More

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

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
10.47% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Manufacturers and Traders Trust Company had $1,534,901,000 in non-current loans and $104,019,000 in owned real estate. To cover these potential losses it had $14,656,837,000 in equity and $1,003,860,000 in loans loss reserves. That gives it a Texas Ratio of 10.47%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Manufacturers and Traders Trust Company U.S. Bank Average
10.07% 8.58

Manufacturers and Traders Trust Company has a Return on Equity of 10.07% versus the BestCashCow average of 8.58. 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
12.18% 12.11

Manufacturers and Traders Trust Company has a Capitalization of 12.18% versus the BestCashCow average of 12.11. 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, 2017, Manufacturers and Traders Trust Company had assets of $120,357,682,000, loans of $87,819,700,000, and deposits of $95,223,608,000. 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.

Frequently Asked Questions About Manufacturers and Traders Trust Company

Branches and Savings

Is Manufacturers and Traders Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #588.

Why does Manufacturers and Traders Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Manufacturers and Traders Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Manufacturers and Traders Trust Company a commercial bank?

Yes

Where are Manufacturers and Traders Trust Company locations?

See branch locations nearby.

Is Manufacturers and Traders Trust Company open on Saturdays?

Is Manufacturers and Traders Trust Company open on Sundays?

What time does Manufacturers and Traders Trust Company open?

What time does Manufacturers and Traders Trust Company close?

Are Manufacturers and Traders Trust Company ATMs Open 24/7?

Do Manufacturers and Traders Trust Company ATMs accept cash deposits?

Can Manufacturers and Traders Trust Company customers use other ATMs?

Do Manufacturers and Traders Trust Company branches have notaries?

Will Manufacturers and Traders Trust Company notarize my document?

What address for Manufacturers and Traders Trust Company should I put for incoming ACH transfers?

Will the Manufacturers and Traders Trust Company branch print checks?

Do Manufacturers and Traders Trust Company checks expire?

Does Manufacturers and Traders Trust Company require US citizenship to open account?

Can Manufacturers and Traders Trust Company close my account?

Does Manufacturers and Traders Trust Company Report to credit bureaus?

Does Manufacturers and Traders Trust Company Use Equifax?

What is Manufacturers and Traders Trust Company's ACH Routing Number?

What is Manufacturers and Traders Trust Company's SWIFT code?

Products

Does Manufacturers and Traders Trust Company offer mortgages?

Compare mortgage rates here.

Does Manufacturers and Traders Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Manufacturers and Traders Trust Company offer personal loans?

Compare personal loan rates here.

Does Manufacturers and Traders Trust Company offer student loans?

Will Manufacturers and Traders Trust Company cash a check?

Will Manufacturers and Traders Trust Company redeem a savings bond?

Does Manufacturers and Traders Trust Company cash savings bonds?

Will Manufacturers and Traders Trust Company cash money orders?

Can Manufacturers and Traders Trust Company issue a money order?

Does Manufacturers and Traders Trust Company do currency exchange?

Background on The Bank

Who owns Manufacturers and Traders Trust Company?

How long has Manufacturers and Traders Trust Company been around?

Can Manufacturers and Traders Trust Company transfer to other banks?

Does Manufacturers and Traders Trust Company have quick pay?

Does Manufacturers and Traders Trust Company accept rolled coins?

Will Manufacturers and Traders Trust Company accept loose change?

Where is Manufacturers and Traders Trust Company headquarters?

Customer Reviews for Manufacturers and Traders Trust Company


  • Mark Wexelbaum

    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

  • Kevin McDonald

    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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