M&T Completes People’s United Acquisition
M&T Bank completed its acquisition of People’s United Bank on April 1, more than a year after the banks announced the deal.
M&T, People’s United Extend Merger Deadline to Spring
With M&T Bank and People’s United Bank still waiting for federal regulatory approval one year after announcing merger plans, the banks have extended their merger agreement for another three months.
People’s United Sees Earnings Increase 90 percent
In its first full quarter since announcing in late February its sale to Buffalo-based M&T Bank, People’s United saw earnings almost double compared to the same quarter last year.
Shareholders Approve People’s United, M&T Deal
The merger of Connecticut-based People’s United Bank into M&T Bank moved a step closer to completion yesterday as the shareholders of both banks’ parent companies approved the deal in special meetings, the banks said in a statement.
People’s United-M&T Merger Faces Lawsuits
Connecticut-based People’s United Bank and M&T Bank face 12 lawsuits challenging their proposed merger and have disclosed additional information about the deal in response to the legal actions.
People’s United to Sell Insurance Division
Bridgeport, Connecticut-based People’s United Bank plans to sell its insurance division to Florida-based AssuredPartners in a cash deal valued at $120 million.
People’s United Sees Earnings Drop 33 Percent
Bridgeport, Connecticut-based People’s United Bank saw earnings drop 33 percent as the bank made another large provision for loan losses.
People’s United Sees $130M in Earnings, Grants Forbearance to 7.6K Loans
People’s United Bank had first quarter net income of $130.4 million, or $0.30 per common share.
Amid Mergers, People’s United Income Grew $52.3M in 2019
Following a year that included the acquisitions of United Bank and Belmont Savings Bank, Bridgeport, Connecticut-based People’s United Bank reported net income for 2019 of $520.4 million.
Westfield Bank to Buy Former United Bank Branch in Huntington
Weeks after news that the only bank in the western Massachusetts town of Huntington – an ex-United Bank branch – would close, People’s United Bank announced last week it planned to sell the building to Westfield Bank.
People’s United Completes Acquisition of United Bank
Bridgeport-based People’s United Financial Inc., the holding company for People’s United Bank, acquired United Bank and its holding company, United Financial Bancorp Inc., in an all-stock transaction on Nov. 1.
People’s United Won’t Swear Off Future Mergers
Changing dynamics and accounting standards will not change People’s United Bank’s strategy around mergers and acquisitions, bank executives said during the bank’s third quarter earnings conference call on Thursday.
Belmont Savings Bank Acquired by People’s United
Less than two months after completing its purchase of Farmington Bank in Connecticut, the parent company of People’s United Bank is shopping again.
People’s United Posts 11 Percent Increase In Q3
People’s United Financial in Bridgeport, Connecticut,...People’s United Boosts Revenues In Q1
First quarter net income at the Bridgeport,...
