What bank did M&T bank take over?
M&T Bank Corporation completed a massive, high-profile acquisition and corporate takeover of People's United Financial, Inc., the parent company of People's United Bank, in a multi-billion-dollar transaction. This takeover significantly expanded M&T's geographic footprint across the Northeast, adding hundreds of branches throughout Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. The operational integration combined People's United's strong retail deposit base with M&T's robust commercial lending and wealth management capabilities, creating one of the largest regional banking franchises in the country.
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