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.
People’s United, M&T Extend Merger Agreement
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 Banks Sees Decrease in Earnings
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.
People’s United Sees Earnings Increase 90 percent
In the first full quarter since announcing in late February its sale to Buffalo-based M&T Bank, People’s United Bank saw earnings almost double compared to the same quarter last year.
People’s United, M&T Bank Shareholders Approve Merger
The merger of Bridgeport-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
Bridgeport-based People’s United Bank and Buffalo-based 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 Execs to Receive Millions With Non-Compete Agreement
Two People’s United Bank executives will receive multi-million-dollar payments to ensure that they do not compete with M&T Bank for three years after the merger takes place.
People’s United, Webster Bank See Improving Loan Deferrals
The two largest Connecticut-based banks both had fewer clients needing loan deferrals during the third quarter compared to the early months of the pandemic.
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
Bridgeport-based People’s United Bank saw earnings drop 33 percent as the bank made another large provision for loan losses.
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.
People’s United Acquisition of Farmington Bank Parent to Close Oct. 1
Stockholders of the parent company of Farmington Bank earlier this week at a special meeting approved the anticipated acquisition by People’s United Financial.
People’s United Financial Reports Highest Operating Earning in 175-Year History
People’s United Financial Inc. reported sizable growth in the fourth quarter of 2017, with a net income of $106.2 million. This beats out last year’s $75.9 million over the same period.
People’s United Posts 11 Percent Increase In Q3
People’s United Financial in Bridgeport posted an 11 percent year-over-year increase in net income during the third quarter and boosted operating earnings to $68.4 million. Earnings per share totaled 21 cents per share in the third quarter, up from 20 cents in the...
