M&T Bank to acquire People’s United Financial in $7.6bn all-stock deal

M&T Bank to acquire People’s United Financial in $7.6bn all-stock deal

M&T Bank Corporation has signed an all-stock deal worth around $7.6 billion to acquire rival US bank holding company People’s United Financial. Headquartered in Bridgeport, Connecticut, People’s United Financial is the holding company of People’s United Bank. Established in 1842, People’s United Bank provides commercial and retail banking via more than 400 retail locations across […]

People’s United Bank acquires equipment financing company VAR Technology

People’s United Bank acquires equipment financing company VAR Technology

People’s United Bank, a subsidiary of People’s United Financial, has acquired Texas-based equipment financing company VAR Technology Finance for an undisclosed price. Headquartered in Mesquite, VAR Technology Finance VAR offers capital, technology, human resources, sales support and all other required resources to create a captive finance arm or captive-like entity for technology vendors. Founded in […]