Mega-Mergers: Largest Recent M&A Transactions
By The Online Investor Staff, updated Mon., Jul. 22, 8:08 AM
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Slide #1. People's United Financial, Inc. — United Financial Bancorp, Inc.
Acquirer:
People's United Financial, Inc. (PBCT)
Acquiree:
United Financial Bancorp, Inc. (UBNK)
Details:
People's United Financial, Inc. (NASDAQ: PBCT), the holding company for People's United Bank, N.A., announced today an agreement to acquire United Financial Bancorp, Inc. (NASDAQ: UBNK), the holding company for United Bank, in a 100% stock transaction valued at approximately $759 million. Completion of the transaction is subject to customary closing conditions, including receipt of regulatory approvals and the approval of United Financial Bancorp, Inc. shareholders.
People's United Financial is a bank holding company and a financial holding company. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Co.'s segments are: Commercial Banking; which consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities; and Retail Banking, which includes, as its principal business lines, consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities.
Peoples United Financial SEC Filing Email Alerts Service
Preferred: PBCTP
Open the PBCT Page at The Online Investor » People's United Financial is a bank holding company and a financial holding company. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. Co.'s segments are: Commercial Banking; which consists of commercial real estate lending, commercial and industrial lending, and commercial deposit gathering activities; and Retail Banking, which includes, as its principal business lines, consumer lending (including residential mortgage and home equity lending) and consumer deposit gathering activities.
Peoples United Financial SEC Filing Email Alerts Service
Preferred: PBCTP
Open the UBNK Page at The Online Investor »
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