M&T Bank is a bank for communities. Communities of builders. Communities of dreamers. Communities of achievers.
There is one community we at M&T have paid particular attention to during the past 16 months of the Covid-19 pandemic – the business community. Through the federal Paycheck Protection Program, known as the PPP, M&T approved loans for more than 58,000 business customers – most of them very small businesses -- employing over 850,000 people in nine states and Washington, D.C.
Many of the businesses that make up our communities have been devastated by the pandemic and its ripple effects. The bakery on the corner. The hair salon along Main Street. Our favorite restaurant or retailer. These and many other businesses in our neighborhoods struggled to stay open to serve us while we dealt with this difficult time in our lives.
They showed resilience, determination, grit and perseverance. They reminded us that local businesses help make our communities feel like home.