M&T Bank Corp Refreshes Medium‑Term Note Program (Series C & D)

What Happened

• M&T Bank Corporation announced on September 22, 2026 that it refreshed its Medium‑Term Note Program and has registered Senior Medium‑Term Notes, Series C, and Subordinated Medium‑Term Notes, Series D. The notes were registered under a Form S‑3 registration statement (File No. 333-299064) filed September 22, 2026.
• The Series C (senior) notes will be issued under the Original Indenture dated May 24, 2007, as supplemented by the Third Supplemental Indenture dated August 16, 2022, and the Series D (subordinated) notes will be issued under the Subordinated Indenture dated September 22, 2023. The Bank of New York Mellon serves as trustee, and Officers’ Certificates dated September 22, 2026 were used to authorize the issuances.

Key Details

• Filing date: September 22, 2026 (Form 8‑K).
• Registration: Notes registered under Form S‑3, File No. 333-299064.
• Note types: Senior Medium‑Term Notes, Series C; Subordinated Medium‑Term Notes, Series D.
• Governing documents: Senior Indenture (original 5/24/2007; 3rd supplemental 8/16/2022) and Subordinated Indenture (9/22/2023); trustee: The Bank of New York Mellon.

Why It Matters

• This action gives M&T flexibility to issue debt (senior and subordinated notes) as needed for funding, liquidity, or capital management because the notes are pre‑registered and authorized under the company’s indentures.
• Investors should note the distinction between senior and subordinated notes — subordinated notes rank below senior debt for repayment priority — and that the filing itself does not specify any principal amounts, interest rates, or offering timings. Any future issuance would provide further details and could affect M&T’s debt profile and capital structure.