M&T Bank Corporation (MTB)

Can't directly comment on the stock but as a customer I can comment on the bank. I would up as M&T customer on a takeover. Soon as M&T rates and services were fully realized people fled. Though I did not flee I did remove majority of my deposits to another bank for better rates. Use their bill pay and have direct deposits to checking so remained using minimum deposits for free services. The major reason I am now planning to exit as customer in entirely is bank to bank transfer policy. First they " temporarily " shut down such transfers to improve their systems. Their definition of " temporarily " was well over a YEAR! When they finally resumed the service they now limit a bank to bank transfer to $2,000 and I believe a limited number of transfers per month. They may be useful to someone, I know not who, but certainly not to someone that has real assets that must move from time to time.

So as a current customer of M&T if customer money is of any importance to them I would down the road they are a loser. But maybe like so many banks they rely on some other activity for profitability. My favorite comment to them concerning their software, " please fire the current 12 year old head of IT and fix your system!"

I will say their staff is accommodating and friendly though seem to change locations a lot.