Search results
Results from the WOW.Com Content Network
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 ...
Though People's United's (PBCT) strong liquidity position makes it well poised to grow through acquisitions, rising costs on investment in technology limit bottom-line expansion.
Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176) Institute of Mergers, Acquisitions and Alliances (MANDA) M&A An academic research institute on mergers & acquisitions, including bank mergers
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 ...
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 ...
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.
People's United (PBCT) expects the First Connecticut deal to be accretive to earnings per share based on fully phased-in cost savings and is likely to close on Oct 1, 2018.