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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 ...
2019: On July 15, 2019, People's United Bank (Bridgeport, Conn.) and United Bank announced they would be joining forces in an all-stock transaction totaling $759 million. People's United's acquisition of UBNK completed on November 1, 2019. [3] 2022: People's United Bank is itself subsumed into M&T Bank. [4]
Here are some of the biggest bank mergers and acquisitions in American history. ... Mellon Financial Corp. $18.4 billion. Oct. 3, 2008. ... People’s United. $8.3 billion. Jan. 4, 2022.
AT&T Inc. (T) was removed due to its dividend cut [13] and People's United Financial, Inc. (PBCT) was removed when its merger with M&T Bank Corporation was finalized. [14] In 2021, there were three additions to the index: IBM (IBM), NextEra Energy (NEE) and West Pharmaceutical Services (WST).
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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 ...