Fed OKs People’s United Merger
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, Buffalo-based M&T bank has received the final regulatory approval needed to complete the merger. The Federal Reserve Board of Governors announced late Friday afternoon that...
Eastern, Century Get Regulatory OK for Merger
Boston-based Eastern Bank and Medford-based Century Bank say they have all the regulatory approvals they need to consummate their merger deal. The banks issued a joint statement yesterday afternoon saying the state Division of Banks, the Federal Deposit Insurance...
Eastern Bank to Search for M&A Opportunities
After finishing up its first quarter as a public bank, Eastern Bank in the year ahead plans to reduce expenses as it looks to make larger bank acquisitions than it had in the past. “Armed with $1.7 billion from our capital raise, we believe that we are positioned...
Cambridge Trust Co. Buys $1B Mass. Bank
Massachusetts-based Cambridge Trust Co., which earlier this year bought Portsmouth’s Optima Bank and Trust, has announced it is buying another bank in an all-stock transaction worth $122 million. The deal, announced Dec. 5, will see Cambridge Trust absorb...This Week’s Paper: Digital Edition
