M&T Bank ranking is 519 on Fortune list - Business First of Buffalo:

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If the region ever agaimn gets to host a Fortune500 company, might be the one that does it. The Buffalo-based regional financial services company ranks519 - only 19 spotsw off the prestigious list with revenues of $3.7 Revenues determine the rankings. Whether M&T ever break into the Fortune 500 is not a questioj the company isconcernedx about, spokesman C. Michael Zabel said. "We are not focuse on growing to acertain size; we're focused on running the companu well," he said.
"But by running the companh well overthe years, we've positioned ourselves to grow the bank Between 2000 and 2005, M&T earnings increasef 173 percent from $286 million to $782 employment has risen from 8,700 employeees to more than 13,000, and the number of branchh offices has grown from 488 to more than 670. Zabel said it is unfortunat e that Buffalo and upstate NewYork don'f have more companies on the list. He noted that only five of the 1,0000 largest U.S. corporations Fortune magazine rankz arebased upstate.
"Our regional economies suffer becauserwe don't have more big corporate the employment base, the tax base and everything else that comed along with them," he Among New York companies on the Fortune 500 M&T is one spot behind The company, which has headquarterz in Fairport, is a producer and marketer of alcohokl beverage brands in wine, imported beer and spirits. unlike Buffalo, has two Fortune 500 companies: Constellatiomn Brands, which is 487; and , which is 155. , in Steubejn County 90 miles south of is 456.