Rockland Trust Seats New Chief Tech Officer
Rockland Trust Co. has appointed a new chief technology and operations officer: Lee C. Powlus.
Security Tools Helped Drive M&T Conversion Issues
Tools meant to protect consumer accounts helped cause the high-profile problems People’s United Bank customers faced during M&T Bank’s system conversion last year.
M&T Sees Loan Growth Ahead in 2023
Buffalo-based M&T Bank expects to see loan growth in 2023 and plans to build it its small business banking services in its newly acquired New England market.
Jeffrey Tengel Named Rockland Trust’s Next CEO
Rockland Trust Co.’s long-time CEO Christopher Oddleifson plans to retire next month, and People’s United Bank’s former president has been named his successor.
Merger Wave Raises Risks of Customer Losses
The recent spate of bank mergers has shaken patrons’ trust in Eastern Massachusetts’ community banks, leaving CEOs to grapple with a new threat to customer retention.
John Traynor Joins Cambridge Trust
John Traynor, who spent more than a decade as chief investment officer at People’s United Bank, has joined Cambridge Trust Co. to lead its wealth management expansion in Connecticut.
M&T Launches Charitable Fund in People’s United Footprint
Buffalo-based M&T Bank plans to provide $25 million in philanthropic giving as part of a three-year investment in the communities where People’s United Bank operated.
M&T Bank Names Eastern Mass. Regional President
Six weeks after completing its acquisition of People’s United Bank, M&T Bank has named a regional president for the Eastern Massachusetts market.
M&T Completes People’s United Acquisition
M&T Bank completed its acquisition of People’s United Bank on April 1, more than a year after the banks announced the deal.
People’s United Settles Employees’ Discrimination Lawsuit
Bridgeport, Connecticut-based People’s United Bank has agreed to settle an employee lawsuit that had alleged a wide range of discriminatory actions against executives in the bank’s Massachusetts market.
Community Good Works
From food pantries to future coders, banks and a real estate brokerage helped out their neighbors in many ways in recent weeks.
M&T’s Jones Still Committed to People’s United Merger
More than a year after announcing plans to acquire Connecticut-based People’s United Bank, the CEO of Buffalo-based M&T Bank remains committed to the merger and to maintaining a presence at People’s United’s Connecticut headquarters.
M&T, People’s United Extend Merger Deadline to Spring
With M&T Bank and People’s United Bank still waiting for federal regulatory approval one year after announcing merger plans, the banks have extended their merger agreement for another three months.
Community Good Works
From a van full of tools to endowing scholarships for underrepresented students, architects, banks and developers gave back in some important ways in recent days.
People’s United Exec: Don’t Let Inflation Shake You
Inflation estimates for the month of November may come in at eye-popping numbers, but the important thing is not to panic, a top People’s United Bank executive told Boston business leaders yesterday.
Cambridge Trust Expands Wealth Services to CT With People’s Hire
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 this year’s mergers and acquisitions.
CT, NY Regulators OK People’s United-M&T Merger
One of the biggest bank mergers in the Northeast this year is one step closer to becoming reality after key state regulators signed off on the deal.
M&T Commits to 1K Jobs at New England HQ
M&T Bank will have at least 1,000 employees based out of People’s United Bank’s Bridgeport, Connecticut, location by early 2023, the bank said last week after receiving criticism for plans to terminate nearly 750 Connecticut jobs as part of its acquisition of People’s United.
M&T Will Eliminate 44 People’s United Jobs
M&T Bank will eliminate more than 40 Massachusetts jobs after acquiring Connecticut-based People’s United Bank later this year.
People’s United, M&T Merger Will See Nearly 750 CT Job Losses
M&T Bank’s acquisition of Connecticut-based People’s United Bank will result in nearly 750 layoffs in Connecticut that will begin in October and continue for the next seven months, according to filing with state officials there.
