The Firm is representing People’s United Financial, Inc. (NASDAQ: PBCT) in connection with its agreement to merge with M&T Bank Corporation (NYSE: MTB) in an all-stock merger with a total market value of approximately $7.6 billion to create the leading community-focused commercial bank in the Northeast and Mid-Atlantic regions. Following the closing of the transaction, the combined holding company and bank will operate under the M&T name and brand, and People’s United’s current headquarters in Bridgeport, Connecticut will become the combined company’s New England regional headquarters.
Founded in 1842, People’s United offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management solutions. The company also provides specialized commercial services to customers nationwide.
The Simpson Thacher team includes Lee Meyerson and Chia-Chen Lee (M&A); Adam Cohen and Spencer Sloan (Bank Regulatory); Jeannine McSweeney, Jason Fixelle and Ashlie Lawton (Executive Compensation and Employee Benefits); and Jonathan Goldstein and Nicole Humphrey (Tax).