People’s United Bank to be acquired by M&T Bank

Local News

(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.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Only on | Digital First

More Digital First

State Police Overtime Scandal

More State Police Overtime Investigation

Trending Stories

Donate Today