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

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The deal, which closedd Saturday, amplifies M&T Bank’s presence in Marylandd with the addition of 135 bank branches and 190 Bank officials say there are now more than800 M&T Bank branchesz and more than 1,800 ATMs throughout New Pennsylvania, New Jersey, Delaware, Virginia, West Virginia and Washington, D.C. At the same time, the acquisitioj means that 520 Provident jobs will be lost in theBaltimored area. M&T Bank has said former Provident employeez will have first dibson M&T Bank’se vacant positions. Under the agreement, former Provident chairperson and CEO Gary Geiselk has been named a directorof M&T Bank and M&f Bank Corp.
Provident common stockholders willreceive 0.17 shares of M&y common stock in exchange for each shares of Provident common stocjk they owned. At the end of M&T Bank reported $64.9 billion in assets, while Providentf reported $6.5 billion in banking officials said.