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GRCRC Comments on M&T Bank Corporation’s Proposal to Acquire People’s United Financial and People’s United Bank

Greater Rochester Community Reinvestment Coalition (GRCRC) April 29, 2021

In its letter, the Greater Rochester Community Reinvestment Coalition urges the Federal Reserve Board and the Federal Reserve Bank of New York to make the approval of M&T Bank’s application to acquire People’s United Bank contingent upon M&T’s commitment to negotiate and sign a community benefits agreement (CBA) with the National Community Reinvestment Coalition (NCRC) and its member organizations located within the bank’s post-merger footprint.

 

Read the letter here.

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