M&T Bank Chairman And CEO Robert Wilmers Dies At 83

(RTTNews) - M&T Bank Corp. (MTB) said Sunday that Chairman and Chief Executive Officer Robert Wilmers died suddenly and unexpectedly at home late last night. He was 83.

M&T's Board named lead outside director Robert Brady, former Chairman and CEO of Moog, Inc., as M&T's Non-Executive Chairman, effective immediately. M&T's three Vice Chairman, Richard Gold, René Jones and Kevin Pearson, maintain responsibility for the bank's day-to-day operations.

Wilmers has held both positions since May 1983, when M&T had assets of $2 billion. Today, M&T's assets total more than $120 billion. Under his tenure, M&T has completed 24 acquisitions, has grown from 51 branches in one state to 783 branches in eight states plus the District of Columbia and from 2,000 employees to nearly 17,000.