The combined company spans 12 states and the District of Columbia.
The Federal Reserve has yet to approve the transaction.
People's United employees “will receive priority consideration and support for hybrid and remote work," M&T said.
Out-of-state banks join forces.
Fed has more questions before M&T, Hudson City can merge
At a recent investor conference, People’s United Bank’s CEO addressed the question of why the company has not included Rhode Island in its recent expansion
While overall lending is up in Connecticut, small business credit remains flat.