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M&T Bank to redeem 2 series of preferred shares

M&T Bank Corp. is calling for redemption on Aug. 30 all outstanding shares of its series A and series C 6.375% fixed-rate cumulative perpetual preferred stock.

Currently, there are 230,000 outstanding series A preferred shares and 151,500 outstanding series C preferred shares. The shares will be redeemed at a redemption price of $1,000 per share, plus all accrued and unpaid dividends from, and including, Aug. 15, to, but excluding, the redemption date.