Federal Reserve Approves M&T Bank’s Acquisition of People’s United Financial
The board of governors of the Federal Reserve System provided regulatory approval for M&T Bank’s acquisition of People’s United Financial.
The board of governors of the Federal Reserve System provided regulatory approval for M&T Bank’s acquisition of People’s United Financial.
M&T Bank and People’s United Financial agreed to extend their merger agreement from Feb. 21, 2022, to June 1, 2022.
M&T Bank and People’s United Financial entered into a definitive agreement under which M&T will acquire People’s United in an all-stock transaction. The implied total transaction value based on closing prices on Feb. 19, 2021, is approximately $7.6 billion.
The Healthcare Finance Division of People’s United Bank provided a $61 million credit facility to Brightview Senior Living, a privately held real estate development and property management company specializing in multifamily and senior living communities.
People’s United Financial, the holding company for People’s United Bank, completed its acquisition of BSB Bancorp, the holding company of Belmont Savings Bank, in an all-stock transaction.
People’s United Financial, the holding company for People’s United Bank, agreed to acquire BSB Bancorp and its subsidiary, Belmont Savings Bank, in a 100% stock transaction valued at approximately $327 million.
People’s United Financial wil acquire First Connecticut Bancorp and its subsidiary Farmington Bank in a 100% stock transaction valued at approximately $544 million.
People’s United Financial received approval from the board of governors of the Federal Reserve for the merger of Suffolk Bancorp into People’s United Financial.