M&T Bank has announced that they have entered into an agreement to acquire People’s United Financial, Inc. According to the WSJ this is a $7 billion dollar deal. Readers of this blog will/should care about this as both M&T Bank and People’s United Bank offer bank account bonuses (People’s United Bank currently offers a $400 bonus and M&T Bank has a bonus of $200-$400). Currently it’s possible to do both of these bonuses, but obviously that won’t be the case once this transaction is completed (set for Q4 2021).
Hat tip to @NickatFM
