M&T Bank and Visa Inc. Renew Partnership with New Multi-Year Brand Agreement

December 1, 2008 at 2:05 PM EST
Bank Strengthens Ties to Visa by Renewing Long-term Relationship
SAN FRANCISCO, Dec 01, 2008 (BUSINESS WIRE) -- M&T Bank (NYSE:MTB) and Visa Inc. (NYSE:V) today announced the renewal of their long-standing brand partnership agreement. Under terms of the multi-year deal, Visa will continue to provide the bank's customers with branded consumer and small business debit, commercial credit, and prepaid cards.

"Empowering our customers with safe, convenient and flexible payment options is a top priority, and Visa is best positioned to help M&T meet our goals," said Thomas Hayes, Consumer Card Products Manager, M&T Bank.

"Visa is delighted M&T Bank has chosen to extend our long-term relationship," said Bill Sheedy, President, North America, Visa Inc. "We look forward to working closely with M&T to develop solutions that best meet the needs of their customers, help differentiate the bank's card offerings in an increasingly competitive environment, and keep Visa top-of-wallet with M&T customers."

About Visa Inc.

Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world, and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.

About M&T Bank Corporation

M&T Bank, founded in 1856, is one of the top 20 largest U.S. commercial bank holding companies, with approximately $66 billion in assets. M&T Bank operates more than 680 offices and 1600 ATMs in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware, New Jersey and the District of Columbia.

SOURCE: Visa Inc.

Visa Inc.
Jennifer Doidge, +1-415-932-2564
M&T Bank Corporation
M. Jean Hill, +1-716-842-4606