M&T BANK CORP
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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Jun 30, 2025 · Filed Aug 4, 2025
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2. Divestiture
- Divestiture
In May 2025 the Company sold Wilmington Trust SP Services Inc., a subsidiary that specialized in institutional services, to a third party. The transaction resulted in a gain of $10 million that has been included in Other revenues from operations in the Company's Consolidated Statement of Income for the three-month and six-month periods ended June 30, 2025. The revenues and expenses of that subsidiary were not material to the Company's consolidated results of operations for each of the three-month and six-month periods ended June 30, 2025 and 2024.
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