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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.
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.
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 ...
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.
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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 ...
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