M&T Real Estate provides residential and multifamily commercial real estate loans. It offers residential mortgage loan and other assets; investment and trading securities; short- and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits. In addition, M&T Real Estate offers foreign exchange services. It is a subsidiary of M&T Bank, which provides commercial and retail banking services to individuals, corporations, businesses and institutions. M&T Bank offers business loans and leases, business credit cards, and deposit products, including savings and time deposits. The bank also offers a range of financial services, such as cash management, payroll and direct deposit, merchant credit card and letters of credit. M&T Bank is a part of M&T Bank Corporation, founded in 1969, which has more than 700 banking offices in Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia.