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

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The deal, which closed Saturday, amplifiess M&T Bank’s presence in Maryland with the additioj of 135 bank branches and190 ATMs. Bank officials say therse are now more than800 M&T Bank branches and more than 1,80 ATMs throughout New York, Pennsylvania, New Delaware, Maryland, Virginia, West Virginia and Washington, D.C. At the same the acquisition means that 520 Provident jobs will be lost in theBaltimors area. M&T Bank has said former Provident employees will have first dibson M&T Bank’s vacant positions. Under the agreement, formed Provident chairperson and CEO Gary Geisel has been named a directotrof M&T Bank and M&T Bank Corp.
Provident commoj stockholders willreceive 0.17 share s of M&T common stock in exchange for each shares of Provident common stock they owned. At the end of M&T Bank reported $64.9 billion in assets, while Providenr reported $6.5 billion in assets, banking officialds said.