The Middletown Press, October 28, 2021, After People’s Merger, M&T Bank Focuses on ‘Community Development’
Following its merger with People’s United Financial, M&T Bank has pledged $43 billion in loans, investments, grants and other financial ventures across five years to support low- to moderate-income families.
The bank worked with the National Reinvestment Coalition to develop the community benefits agreement. The benefits will focus on the northeastern and mid-Atlantic states in M&T’s footprint in the broad areas of community development, affordable housing, small business lending, and financial support and services, according to a news release sent this week.
