M&T Bank Corp. has officially acquired Peoples United Financial Inc. With this acquisition, the company will offer more than 1,000 branches and 2,200 ATMs across 12 states, according to a press release.

Customers of People's United can continue to access current branches, websites, mobile apps, financial advisors and relationship managers until M&T fully converts its brands and systems, according to a release.

"Today marks an important day in M&T's history as we welcome People's United to our family," René Jones, chairman and chief executive officer of M&T, said in the release. "People's United is a strong strategic and cultural fit and I am truly excited about the positive impact our combined company will have in the communities we serve. Together, we have the capabilities and scale of a regional bank with the engagement model of a community-based organization to help us better serve new and existing customers, businesses and communities."

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