Company: Wilmington Trust/M&T
Founded in 1856, M&T Bank is one of the top full-service U.S.-based commercial banks, with 22,000 employees and a long history of community-focused banking. It is one of America’s most profitable financial services companies with over 1,000 branches across a footprint that stretches from Maine to Washington, D.C. and Virginia. Wilmington Trust is a leading provider of wealth and institutional services for M&T Bank.
M&T Bank’s enduring purpose is to make a difference in people’s lives. As a company, it is driven to help, encourage, and enable customers and communities to thrive. From its founding, M&T Bank has cared deeply about, served, and helped develop its communities. As M&T Bank grows, it treats each new community as unique: focusing on its needs, hiring local talent, and helping it overcome its challenges. M&T Bank lives and works alongside its customers: developing deep, lasting relationships; supporting local businesses, schools, universities, sports, arts and social organizations and government institutions; and participating in projects that drive economic growth and champion causes that make their communities better places to live. M&T Bank succeeds when its employees, customers, communities, and shareholders succeed — and delivers industry-leading capabilities with the care and empathy of a local bank.
Across the financial spectrum, M&T Bank offers advice, guidance, expertise, and solutions, combining M&T’s traditional banking services with the wealth management and institutional expertise of Wilmington Trust. Its values guide its colleagues to create and reinforce a culture of which they can be proud and will sustain them for the long term.
M&T Bank’s Board of Directors is 21% women and women represent 25% of senior officials and managers, 42% of M&T’s directors are diverse. Women make up 60% of its total workforce, 49% of first- and mid-level managers, and 51% of its professional team. In 2021, M&T Bank contributed over $33.9 million to more than 3,000 nonprofit organizations across its footprint.
At M&T Bank, diverse suppliers accounted for 7.2% of sourcing spend in 2021, up from 5.1% in 2020 with 140 diverse suppliers versus 135 in 2020. M&T Bank is building on this by proactively being a trusted partner of businesses owned by women, people of color, veterans, the LGBTQ+ community, and people with disabilities. To reach its goals, the company has examined sourcing policies and sought to address factors that may impede new, diverse vendors in their supplier pool. They have further committed to advancing this work by enhancing communication, transparency, and data access to empower its leaders to take ownership of diverse spending. M&T Bank is continuing to grow its diverse supplier network with active participation in local organizations and the National Minority Supplier Development Council.
M&T Bank offers leadership development programming – their Rising Leaders Development Program is made up of 86% women, and in 2021, 64% of all promotions and lateral moves were of women.