(WIVB) – M&T Bank is becoming one of the nation’s largest banks after making a new purchase.
It’s buying People’s United Financial- a bank headquartered in Connecticut.
The purchase will make M&T Bank the 11th largest in the country.
The hometown bank will now have more than a thousand branches along the East Coast.
Its assets will be more than $200 billion.
The sale is not final yet- it’s expected to happen at the end of the year.