SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 27, 1996
FIRST EMPIRE STATE CORPORATION
(Exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
1-9861 16-0968385
(Commission File Number) (I.R.S. Employer Identification No.)
One M&T Plaza, Buffalo, New York 14240
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (716) 842-5445
(NOT APPLICABLE)
(Former name or former address, if changed since last report)
Item 5. Other Events.
First Empire State Corporation ("First Empire") announced on December 27,
1996 that its New York City-based savings bank subsidiary, The East New York
Savings Bank ("East New York"), would be merged with and into First Empire's
Buffalo-based commercial bank subsidiary, Manufacturers and Traders Trust
Company ("M&T Bank"). The merger is subject to the approvals of the Federal
Reserve Board and the New York State Banking Board, and it is currently
expected that it will be completed by the end of May 1997.
M&T Bank and East New York had assets of $10.9 billion and $2.0 billion,
respectively, as of September 30, 1996. Following the merger, East New York
will operate as the New York City Division of M&T Bank.
The merger will involve some initial costs and create some operating
efficiencies, but neither such costs nor such efficiencies is expected by
First Empire's management to be material to First Empire's results of
operations.
The text of the news release issued by First Empire on December 27, 1996
to announce the merger is set forth as Exhibit No. 99 hereto.
Item 7. Financial Statements and Exhibits.
The following exhibits are filed as a part of this report:
Exhibit No.
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99 News release. Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRST EMPIRE STATE CORPORATION
Date: January 2, 1997 By:
--------------------------------
Michael P. Pinto
Senior Vice President
and Controller
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Report Dated: January 2, 1997 Commission File Number: 1-9861
FIRST EMPIRE STATE CORPORATION
(Exact name of registrant as specified in its charter)
EXHIBITS
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EXHIBIT INDEX
Exhibit No.
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99 News release.
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