- Barrons.com•2 days ago
By Sander O’Neill + Partners Late last week, buried in its approval of the People’s United Financial (PBCT)/Suffolk Bancorp (SCNB) merger, the Federal Reserve Board effectively relaxed its M&A asset thresholds on what triggers financial stability concerns. The Fed had previously presumed that acquisitions involving a banking target over $2 billion in assets and a buyer over $25 billion in assets could raise material financial stability concerns and trigger additional review hurdles. In the approval last week, the Fed bumped these thresholds up to $10 billion in assets and $100 billion in assets for target and acquirer, respectively.
- TheStreet.com•6 days ago
The Federal Reserve is raising to $100 billion the amount of combined assets that would trigger a systemic risk review of proposed bank mergers.
- Zacks•6 days ago
People's United Financial, Inc. (PBCT), a well diversified financial services company, recently received approval from the Federal Reserve to acquire Suffolk Bancorp (SCNB). The all-stock deal was announced in Jun 2016.
PBCT : Summary for People's United Financial, Inc. - Yahoo Finance
People's United Financial, Inc. (PBCT)
NasdaqGS - NasdaqGS Delayed Price. Currency in USD
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|Bid||17.39 x 200|
|Ask||18.60 x 100|
|Day's Range||17.47 - 17.88|
|52 Week Range||13.80 - 20.13|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||19.36|
|Dividend & Yield||0.68 (3.65%)|
|1y Target Est||N/A|