M&T Bank Corp. (MTB) Receives Approval From New York State Department of Financial Services and Connecticut Department of Banking for Merger of M&T Bank and People's United Bank (PBCT)

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M&T Bank Corporation Receives Approval From New York State Department of Financial Services and Connecticut Department of Banking for the Merger of M&T Bank and People's United Bank

October 21, 2021 4:16 PM EDT

BUFFALO, N.Y., Oct. 21, 2021 /PRNewswire/ -- M&T Bank Corporation (NYSE: MTB) ("M&T") announced today that it has received approval from the New York State Department of Financial Services and the Connecticut Department of Banking to complete the merger of M&T Bank with People's United Bank.  

The combined bank will create a diversified, community-focused franchise that will provide customers and communities with access to an expanded network and an increased array of products and services.

The merger of M&T and People's United Financial, Inc. (NASDAQ:... More