Cambridge Trust Finds Opportunity in Upheaval
As mergers and acquisitions continue to alter the region’s banking landscape, one local bank has found an opportunity amid the shakeup to expand its wealth management services into a third New England state. Cambridge Trust Co. hired a wealth management team in...
Cambridge Trust Expands Wealth Services with NH Hires
Massachusetts-based Cambridge Trust Co. plans to expand its wealth management business into Southern Connecticut as the bank brings on five new employees from People’s United Bank, a sign of the type of move local banks might make amid the disruption resulting from...
Shareholders Approve People’s United, M&T Deal
The merger of Connecticut-based People’s United Bank into M&T Bank moved a step closer to completion yesterday as the shareholders of both banks’ parent companies approved the deal in special meetings, the banks said. M&T and People’s United...
M&T Bank to Acquire People’s United Bank
The parent company of Buffalo-based M&T Bank has agreed to acquire Connecticut-based People’s United Bank for a deal valued at $7.6 billion. The boards of both companies have approved the merger, which is expected to close in the fourth quarter of 2021, the banks...This Week’s Paper: Digital Edition
