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The recent acquisition of United Financial Bancorp will likely be conducive to People's United (PBCT) bottom-line growth. Further, the buyout reflects the company's efforts to fortify its footprint.
Per M&T Bank (MTB) and People's United (PBCT), their impending merger is slated for a quick wrap-up following the Fed's recent regulatory nod. This will boost M&T Bank's base in the Northeast.
People's United Financial, Inc., was an American bank holding company that owned People's United Bank. [1] The bank operated 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. [1] It was the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th ...
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2012: United Financial completed the acquisition of New England Bancshares, Inc., the holding company for New England Bank. 2013: Rockville Bank and United Bank announced plans for a merger of equals, a combined Bank to be led by William H.W. Crawford, IV, CEO. 2014: Rockville was the legal acquirer of United, completed the acquisition of ...
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
Mar. 6—M&T Bank Corp. has reached a deal to acquire People's United Bank, a financial institution with locations in New Hampshire, Vermont and across the Northeast, the companies announced last ...
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