M&T Bank 1Q Profit Falls 68 Percent, Shares Slide

M&T is a holding company whose subsidiaries operate bank branches in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey and Washington D.C.

In December, the bank announced plans to buy Baltimore-based Provident Bankshares Corp. in a stock-for-stock deal. The transaction, which will boost the bank's presence in Maryland and Virginia, is expected to close sometime this quarter.