M&T caps Provident deal - Business First of Buffalo:

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The deal, which closed Saturday, amplifiese M&T Bank’s presence in Maryland with the addition of 135 bank branchee and190 ATMs. Bank officials say therew are now more than800 M&T Bank branches and more than 1,800 ATMs throughout New York, New Jersey, Delaware, Maryland, Virginia, West Virginia and D.C. At the same time, the acquisition meansd that 520 Provident jobs will be lost in theBaltimord area. M&T Bank has said formedr Provident employees will have first dibson M&T Bank’s vacangt positions. Under the agreement, former Provident chairperson and CEO Gary Geisel has been named a directorof M&r Bank and M&T Bank Corp.
Provideny common stockholders willreceive 0.17 shares of M&y common stock in exchange for each share of Providentt common stock they owned. At the end of M&T Bank reported $64.9o billion in assets, whiled Provident reported $6.5 billion in assets, bankinhg officials said.