This is what M&T is all about. This is what makes it possible for us to achieve exemplary financial
results, while fulfilling our purpose
to make a difference in peoples lives:
its our colleagues heart-felt care and
commitment to each other, to our customers and to our communities
combined with their dogged determination to do whatever it
takes, to never give up.
We understand that families are still suffering, businesses are still struggling
so our efforts will continue
to reach every neighbor in every neighborhood
seeking with our community partners to give strength and support
wherever we can.
Looking forward, as we emerge from the pandemic, we also remain focused on creating sustainable and equitable engines for economic
growthespecially in and around the small and mid-tier cities that we predominately serve.
The formula for
regional economic success started changing before COVID struck
influenced by the digital revolution, which has been accelerating through the pandemic.
In the decade after the Financial Crisis70% of our countrys population growth, and 80% of job growthaccrued in the biggest U.S. cities,
mainly on the East and West coasts.
Now, however, a number of mid-tier cities are starting to buck that trend by
successfully growing tech and innovation ecosystems that attract modern Creative Class talent
cities like Boulder, Columbus,
Detroit, Omaha, Pittsburgh and others.
In todays digital economy, economic development and prosperity is about building a communityan
ecosystem, if you willthat attracts, retains, develops and engages modern talent
talent whose economic function is to
create new ideas and solutions.
Were competing in a Race for Relevance, and the communities that are leading the race are likely to
gain an insurmountable advantage.
The cities that are leading the race are doing so by adopting new paradigms and constructs around convening and
decision-making
and abandoning top-down, command-and-control ways of thinking and working.
Such ecosystems are inclusive, diverse and transparent. Decisions and directions are not set in a vacuum by a select few, but made collectively and
collaboratively, with all stakeholders invested in the process. All must be invited to participate and expected to contribute.