M&T Bank Offers Financial Assistance to Businesses and Consumers Affected by Storm

News provided by

Nov 01, 2012, 03:53 ET

BUFFALO, N.Y., Nov. 1, 2012 /PRNewswire/ -- M&T Bank is offering a discounted rate on small business lines of credit and term loans and payment assistance for consumers to help customers recovering from Hurricane Sandy.

Business owners affected by the storm can apply for a line of credit or term loan with reduced rates. M&T Bank business customers who require payment assistance on existing loans, or would like information about U.S. Small Business Administration Disaster Recovery Loans, should contact their business banking relationship manager or branch manager.

Consumers in impacted areas unable to meet their monthly M&T loan payment may request late fees to be waived or discuss other payment arrangements by contacting M&T's customer service at 1-800-724-2525.

In areas where the storm has affected customers' ability to conduct normal banking business, M&T has taken extra steps to minimize any disruption or inconvenience to those customers, including waiving insufficient funds and overdraft transfer fees.

"This was one of the worst storms to ever hit some of the communities served by M&T Bank along the East Coast. We've moved to re-open our branches as quickly as possible and our staff members are working hard to help businesses, families and individuals get back on their feet," said M&T Bank President Mark Czarnecki.

A number of consumer loan products are available through M&T Bank branches in Pennsylvania, New York, Maryland, Delaware, Virginia, West Virginia, and Washington, D.C. for customers needing quick access to financing. Loan requests can also be made by phone or by visiting www.mtb.com.

Customers unable to visit an M&T Bank branch can make transfers between accounts and pay bills online 24 hours a day with M&T's Web Banking by visiting http://www.mtb.com or with Mobile Banking services, such as the M&T App for iPhone® and Mobile Web Banking, available for BlackBerry® and Android™ and most devices with mobile web access.

For more information please stop by your local M&T Bank branch or call our Telephone Banking Center, which is available Monday-Friday from 6:00 a.m.-9:00 p.m. and on Saturday and Sunday from 9:00 a.m. – 5:00 p.m. at 1.800.724.2440. Go online to www.mtb.com/branch to find the nearest M&T Bank location.

M&T Bank, founded in 1856, is one of the top 20 commercial bank holding companies in the U.S., with $80 billion in assets and 750 branch offices in New York, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia. Read more about M&T Bank online at www.mtb.com/newsroom.

Media contact information:
Delaware: Megen Morris (302)651-1462
Pennsylvania, Maryland, Washington D.C., Virginia: Philip Hosmer (410)949-3042
New York: Chet Bridger (716)842-5182

SOURCE M&T Bank