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Retail Banking

Business
People's United Bank Sold For $7.6 Billion People's United Bank Sold For $7.6 Billion
People's United Bank Sold For $7.6 Billion People’s United Financial Inc. and all of its stock is being sold for $7.6 billion to M&T Bank Corp. All together, M&T plus People’s, there will be 1,100 branches and more than 2,000 ATMs across 12 states, M&T said in an announcement. The combined banks have $200 billion in assets. The purchase-and-sale agreement was entered into on Friday, Feb. 19, and the acquisition is expected to close in the fourth quarter of 2021. People’s United’s headquarters in Bridgeport, Connecticut, will become the New England regional headquarters for M&T. Representatives for M&T said the…

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by Kristin Palpini
Business
Apple Bank Announces Promotion Of Westchester Branch Manager Apple Bank Announces Promotion Of Westchester Branch Manager
Apple Bank Announces Promotion Of Westchester Branch Manager Apple Bank for Savings has announced the appointment of Mayra Tepan as Assistant Vice President and Branch Manager at the Scarsdale, Westchester branch office located at 1075 Central Park Ave.  Tepan joins Apple Bank from Peoples United Bank, where she most recently served as Branch Manager of their Yonkers office. James Matera, Executive Vice President and Head of Apple Bank’s Consumer Banking Division, said, “We are very pleased that Mayra Tepan has joined the Apple Bank team in Westchester." "She brings excellent retail banking experience and a strong familiarity with the loca…

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by Daily Voice