U.S. markets close in 4 hours 17 minutes
  • S&P 500

    3,678.68
    -14.55 (-0.39%)
     
  • Dow 30

    29,419.79
    -170.62 (-0.58%)
     
  • Nasdaq

    10,889.13
    +21.21 (+0.20%)
     
  • Russell 2000

    1,676.58
    -3.01 (-0.18%)
     
  • Crude Oil

    78.14
    -0.60 (-0.76%)
     
  • Gold

    1,646.00
    -9.60 (-0.58%)
     
  • Silver

    18.80
    -0.11 (-0.58%)
     
  • EUR/USD

    0.9626
    -0.0062 (-0.64%)
     
  • 10-Yr Bond

    3.7810
    +0.0840 (+2.27%)
     
  • GBP/USD

    1.0675
    -0.0181 (-1.67%)
     
  • USD/JPY

    144.4590
    +1.1390 (+0.79%)
     
  • BTC-USD

    19,069.29
    +79.65 (+0.42%)
     
  • CMC Crypto 200

    437.72
    +4.62 (+1.07%)
     
  • FTSE 100

    7,007.18
    -11.42 (-0.16%)
     
  • Nikkei 225

    26,431.55
    -722.28 (-2.66%)
     

M&T finance chief: People's United integration is moving ahead

·1 min read
M&T finance chief: People's United integration is moving ahead

M&T Bank chief financial officer Darren King said the company is "very pleased" with the firm's progress as it continues to work on integrating People's United Bank. Wednesday was M&T's first earnings report since its $8.3 billion acquisition of People's United closed on April 1, and reflected an uptick in business activity that comes with taking on a large new bank (average outstanding loans, for instance, increased from $98.6 billion last quarter to $127.6 billion in the latest quarter) but also included $465 million in merger-related expenses. M&T Bank cuts corporate board to 17 following PUB deal – with two execs dropping off Work is ongoing integrating People's United's expansive East Coast operation into M&T, but King told investors he was pleased with the progress being made.