People's United Bank in Connecticut, which has numerous locations in Western Massachusetts, has been acquired in an eight-billion-dollar merger.
The deal with Buffalo, New York-based M-and-T Bank closed this past weekend.
M-and-T has nearly eight-hundred branches throughout the Northeastern United States.
The bank has agreed to keep about two-thousand People's United employees.
There will be some consolidation of positions within the two entities however.
(Photo Credit: John Baibak, WHYN News)
Photo: John Baibak. WHYN News