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Reconnecting to CT: M&T Bank gets fresh start in state with People's United acquisition


Reconnecting to CT: M&T Bank gets fresh start in state with People s United acquisition
Alexander Soule
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An M&T Bank branch in Bethel, Conn., which was the only bank branch to see declining deposits over five years through 2020, dating back to M&T s acquisition of Hudson City Bank which had been located there previously.Alexander SouleShow MoreShow Less
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The People s United Bank logo in Bethel, Conn., with the town s shuttered Bank of America branch in the background behind a gas station. With People s United trailing only Bank of America for Connecticut deposits in 2020, M&T will phase out the brand in favor of its own as an outcome of its proposed $7.6 billion acquisition of People s United.Alexander SouleShow MoreShow Less ....

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M&T finalizes $8 billion purchase of People's United. What it means.


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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