Paychex Says Report About Potential Merger with M&T Bank Is False

ROCHESTER, N.Y., Jan. 23, 2018 /PRNewswire/ -- A blogger has reported that Paychex founder and chairman B. Thomas Golisano is "open" to a merger with the Buffalo, N.Y.-based M&T Bank.  There is no foundation in fact in this blogger's article. Golisano has never talked directly or indirectly with anyone, offered his opinion, or considered this merger. Anything of this nature would go through official Paychex channels as part of a comprehensive process that includes thorough review and consideration by the Paychex Board of Directors. This report is false.

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients as of May 31, 2017, across more than 100 locations and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.

Media Contact
Laura Saxby Lynch
Director, Corporate Communications
Paychex, Inc.
(585) 383-3074
lsaxbylynch@paychex.com
@PaychexNews

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SOURCE Paychex, Inc.