People’s United Bank to be acquired by M&T Bank
(WWLP) – Western Massachusetts bank customers could notice some changes in the future, as People’s United Bank is being acquired by Buffalo, New York-based M&T Bank.
The $7.6 billion deal between the two banks was announced Monday.
The combined company will have more than 1,100 branches in 12 states from Maine to Virginia, a number second only to Bank of America in this region.
The merger is expected to close by the end of the year.
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