M&T Bank Increases Prime Rate
M&T Bank (MTB) will raise its prime lending rate from 6.75% to 7.00%, effective Thursday, September 17, 2026.
Rhea-AI Summary
M&T Bank (MTB) will raise its prime lending rate from 6.75% to 7.00%, effective Thursday, September 17, 2026.
The change applies to the bank’s benchmark rate used to price many variable-rate loans and credit products, and follows the effective date specified in the announcement.
Positive
- Prime rate increase from 6.75% to 7.00% may enhance interest income and loan yields
Negative
- Higher prime rate to 7.00% can raise borrowing costs for customers with variable-rate credit
AI-generated analysis. How Rhea-AI works. Not financial advice.
About M&T
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, provides banking products and services with a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T's Wilmington Trust-affiliated companies and by M&T Bank. For more information about M&T Bank, visit www.mtb.com.
Equal Housing Lender. © 2026 M&T Bank. NMLS #381076. Member FDIC. All rights reserved.
Investor Contact:
Rajiv Ranjan
Steven Wendelboe
(716) 842-5138
Media Contact:
Frank Lentini
(929) 651-0447
flentini@mtb.com
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SOURCE M&T Bank Corporation