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New York State Team
Buffalo-based financial services firm M&T Bank has agreed to acquire People’s United Bank based in Bridgeport, Connecticut.
The agreement is set to transfer 417 bank franchises throughout the Northeast including 101 branches in New York in the fourth quarter of 2021.
People’s headquarters in Bridgeport will become the New England headquarters for M&T Bank. The combined financial services firm will manage approximately $200 billion in assets and 1,100 branches in addition to 2,000 ATMs from Maine from Virginia.
Combining our common legacies and our complementary footprints will strengthen our ability to serve our communities and customers, and provide solutions that make a difference in people s lives,” M&T Chairman and CEO Rene Jones said in a statement. ....

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