People's United Financial Inc., a Bridgeport, Conn.-based financial holding company with seven bank branches in Central Massachusetts, is now owned by Buffalo, N.Y.-based M&T Bank Corp., after a $8.3-billion acquisition was completed over the weekend.
New York lender M&T Bank and Bridgeport-based People’s United Bank have extended the window to complete their $7.6 billion merger while they still await federal approval of the deal, the banks announced.
People's United Bank, a Connecticut-based chain with offices in Worcester, has been acquired by M&T Bank as part of a $7.6-billion deal announced Monday.