secwatch.observer — SEC 8-K summary
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Issuer:     M&T BANK CORP (MTB)
CIK:        0000036270
Form:       8-K
Filed at:   2026-07-21T20:36:41+00:00
Accession:  0001193125-26-310413
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

M&T Bank issues $600M of 6.625% Series L Non-Cumulative Preferred Stock
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- Issued 24M depositary shares (1/400th interest) in Series L Preferred, liquidation preference $10,000/share ($25/depositary).
- Dividend rate 6.625% per annum, non-cumulative, payable quarterly starting Sept 15, 2026.
- Series L is perpetual, redeemable at M&T's option on or after Sept 15, 2031, or within 90 days of a regulatory capital treatment event.
- Offering completed July 21, 2026; underwriters include BofA Securities, J.P. Morgan, Morgan Stanley, M&T Securities, Raymond James, UBS, Wells Fargo.
- Series L ranks senior to common stock and equally with existing Series F, H, I, J, K preferred stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36270/000119312526310413/0001193125-26-310413-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36270/000119312526310413/d127076d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-310413

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