Max Reiss, the face of Connecticut Gov. Ned Lamont’s administration for the past three years, said Tuesday he is leaving next month to take a new position at one of the biggest banks in the state.
Citizens Bank, M&T Bank and First Republic Bank have provided some of the initial funding for a new public-private partnership that will offer low-interest loans to Connecticut small businesses and nonprofit organizations.
The nation’s largest banks have strong capital levels and would be able to continue lending to households and businesses during a severe recession, according to the Federal Reserve’s annual stress test.
Six weeks after completing its acquisition of Bridgeport-based People’s United Bank, M&T Bank has named two regional presidents for the Connecticut market, both from within M&T.
As mergers and acquisitions continue to alter the region’s banking landscape, Massachusetts-based Cambridge Trust Co. has found an opportunity amid the shakeup to expand its wealth management services into Connecticut.
M&T Bank completed its acquisition of People’s United Bank on April 1, more than a year after the banks announced the deal.
Buffalo-based M&T Bank expects to complete its acquisition of Bridgeport-based People’s United Bank on or around April 1, the banks said in a statement yesterday.
More than a year after announcing plans to acquire Bridgeport-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger.
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, the CEO of Buffalo-based M&T Bank remains committed to the merger and to maintaining a presence at People’s United’s Bridgeport headquarters.
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.
Buffalo-based M&T Bank has joined the growing list of banks reducing or eliminating customer fees for overdrafts and non-sufficient funds.
A Stamford man pleaded guilty in federal court last week to providing false information to banks and receiving more than $4 million in Paycheck Protection Program loans.
In what could be its final full quarter before the merger with M&T Bank, Bridgeport-based People’s United Bank saw third quarter earnings decline slightly compared to the same quarter last year.
One of the biggest bank mergers in the Northeast this year is one step closer to becoming reality after key state regulators signed off on the deal.
M&T Bank will have at least 1,000 employees based out of People’s United Bank’s Bridgeport location by early 2023, the bank said last week after receiving criticism for plans to terminate nearly 750 Connecticut jobs as part of its acquisition of People’s United.
Almost eight months after announcing it would close 140 of its branches in Stop & Shop supermarkets across its footprint, Bridgeport-based People’s United Bank partially reversed course yesterday saying it will be retaining around one in three of its Connecticut Stop & Shop locations.
Connecticut Attorney General William Tong has written a letter to the CEOs of M&T Bank and People’s United Bank requesting information about the layoffs expected from the banks’ upcoming merger.
M&T Bank’s acquisition of Bridgeport-based People’s United Bank will result in nearly 750 layoffs in Connecticut that will begin in October and continue for the next seven months, according to a notice filed with the state of Connecticut.
M&T Bank’s acquisition of Bridgeport-based People’s United Bank remains on track, and M&T expects the transaction to close in the fourth quarter.
With the two largest Connecticut-based banks involved in mergers this year, the deals could have a significant effect on another group: the community development organizations that partner with banks on affordable housing and lending programs.