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M&T Bank acquiring Bridgeport-based People's United in $7.6B deal

M&T Bank acquiring Bridgeport-based People s United in $7.6B deal
Alexander Soule
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A People s United Bank branch in July 2020 in Newtown, Conn.Alexander SouleShow MoreShow Less
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Rotating brushes clear snow from the plaza in front of People s United Bank headquarters on Main Street in Bridgeport, Conn. on Tuesday, February 12, 2019.Brian A. Pounds / Hearst Connecticut MediaShow MoreShow Less
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The parent company of Bridgeport-based People’s United Bank is taking a $7.6 billion buyout from rival M&T Bank with its prospective owner aiming for cost savings and synergies adding up to $330 million, with an undisclosed impact on jobs. ....

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M&T Joins Regional-Bank Merger Rush With $7.6 Billion Deal

M&T Bank Corp. agreed to buy People’s United Financial Inc. in an all-stock deal valued at about $7.6 billion, joining a string of U.S. regional banks bulking up in recent months to fend off competition from industry giants. ....

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M&T joins regional-bank merger rush with US$7.6B deal

M&T joins regional-bank merger rush with US$7.6B deal
Matthew Monks and Hannah Levitt, Bloomberg News
Vehicles drive past an M&T Bank branch in New York, U.S., on Saturday, Jan. 13, 2018. M&T Bank Corp. is scheduled to release earnings figures on January 18.
, Bloomberg
M&T Bank Corp. agreed to buy Peopleâs United Financial Inc. in an all-stock deal valued at about US$7.6 billion, joining a string of U.S. regional banks bulking up in recent months to fend off competition from industry giants.
M&T Chief Executive Officer Rene Jones will lead the combined company, which will have about US$200 billion in assets and a network of more than 1,100 branches spanning 12 states from Maine to Virginia, M&T said Monday in a statement. ....

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'Growth story': M&T Bank expands profile, adding Bridgeport-based People's United in $7.6B deal

'Growth story': M&T Bank expands profile, adding Bridgeport-based People's United in $7.6B deal
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M&T Joins Regional-Bank Merger Rush With $7.6 Billion Deal

M&T Joins Regional-Bank Merger Rush With $7.6 Billion Deal
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