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M&T Bank receives non-objection from Fed on repurchase of additional shares

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M&T Bank receives non-objection from Fed on repurchase of additional shares

M&T Bank Corp. received notice of non-objection from the Federal Reserve for the repurchase of an additional $745 million of common shares by June 30.

This amount is in addition to the previously announced $900 million of common stock authorized for repurchase by the Buffalo, N.Y.-based company's board under M&T's 2017 capital plan and its current buyback program.