M&T buys People's United Bank
BRATTLEBORO â Peopleâs United Bank is being purchased for about $7.6 billion. Last week, M&T Bank Corporation and Peopleâs United Financial Inc. announced they have entered into a definitive agreement where M&T will acquire Peopleâs United in an all-stock transaction. âThe combined company will create a diversified, community-focused banking franchise with approximately $200 billion in assets and a network of more than 1,100 branches and over 2,000 ATMs that spans 12 states from Maine to Virginia and the District of Columbia,â states a news release. âThe com...