American Banker, October 25, 2021, M&T, Awaiting Fed’s Approval of Merger, Unveils Reinvestment Plan
M&T Bank pledged billions of dollars Monday to low- and moderate-income neighborhoods as part of a reinvestment plan tied to its pending acquisition of People’s United Financial.
The five-year plan, negotiated with the National Community Reinvestment Coalition, aims to increase the flow of private capital into underserved areas. It is the first of its kind for M&T, which has not completed an acquisition since 2015.
