M & T BK CORP

Ticker: MTB CUSIP: 55261F104 Class: COM

BALDWIN BROTHERS LLC/MA's Holding History (CIK: 0001021258)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 400 Value ($000) $63 Avg Close $104.02 Range $86.11 - $122.08

Q3 2016

Shares 400 Value ($000) $46 Avg Close $88.80 Range $84.74 - $91.81

Q2 2016

Shares 400 Value ($000) $47 Avg Close $88.17 Range $81.12 - $92.11

Q1 2016

Shares 400 Value ($000) $44 Avg Close $81.93 Range $75.36 - $89.79

Q4 2014

Shares 2,295 Value ($000) $288 Avg Close $90.02 Range $82.27 - $94.90

Q3 2014

Shares 1,885 Value ($000) $232 Avg Close $89.75 Range $86.23 - $94.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	400	$63	$104.02	$86.11 - $122.08
Q3 2016	400	$46	$88.80	$84.74 - $91.81
Q2 2016	400	$47	$88.17	$81.12 - $92.11
Q1 2016	400	$44	$81.93	$75.36 - $89.79
Q4 2014	2,295	$288	$90.02	$82.27 - $94.90
Q3 2014	1,885	$232	$89.75	$86.23 - $94.17