M&T Bank Corporation is the holding company for Manufacturers and Traders Trust Company and M&T Bank, National Association (the Banks). The Banks collectively offer a range of commercial banking, trust and investment services to their customers. For 2003, M&T Bank represented 99% of consolidated assets of the Company. In addition, the Company wholly owns M&T Life Insurance Company, a captive credit reinsurer, which reinsures credit life and accident and health insurance purchased by the Company\'s consumer loan customers. During 2003, the Company had consolidated total deposits of $33.1 billion.