Bank Strengthens Ties to Visa by Renewing Long-term RelationshipSAN FRANCISCO, Dec 01, 2008 (BUSINESS WIRE) -- M&T Bank (NYSE:MTB) and Visa Inc. (NYSE:V) today announced the renewal
of their long-standing brand partnership agreement. Under terms of the
multi-year deal, Visa will continue to provide the bank's customers with
branded consumer and small business debit, commercial credit, and
"Empowering our customers with safe, convenient and flexible payment
options is a top priority, and Visa is best positioned to help M&T meet
our goals," said Thomas Hayes, Consumer Card Products Manager, M&T Bank.
"Visa is delighted M&T Bank has chosen to extend our long-term
relationship," said Bill Sheedy, President, North America, Visa Inc. "We
look forward to working closely with M&T to develop solutions that best
meet the needs of their customers, help differentiate the bank's card
offerings in an increasingly competitive environment, and keep Visa
top-of-wallet with M&T customers."
About Visa Inc.
Visa Inc. operates the world's largest retail electronic payments
network providing processing services and payment product platforms.
This includes consumer credit, debit, prepaid and commercial payments,
which are offered under the Visa, Visa Electron, Interlink and PLUS
brands. Visa enjoys unsurpassed acceptance around the world, and
Visa/PLUS is one of the world's largest global ATM networks, offering
cash access in local currency in more than 170 countries. For more
information, visit www.corporate.visa.com.
About M&T Bank Corporation
M&T Bank, founded in 1856, is one of the top 20 largest U.S. commercial
bank holding companies, with approximately $66 billion in assets. M&T
Bank operates more than 680 offices and 1600 ATMs in New York,
Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey
and the District of Columbia.
SOURCE: Visa Inc.
Jennifer Doidge, +1-415-932-2564
M&T Bank Corporation
M. Jean Hill, +1-716-842-4606