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

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The deal, which closed Saturday, amplifies M&T Bank’as presence in Maryland with the additio n of 135 bank branches and 190 Bank officials say there are now more than800 M&TT Bank branches and more than 1,800 ATMs throughout New Pennsylvania, New Jersey, Delaware, Virginia, West Virginia and D.C. At the same time, the acquisitioh means that 520 Provident jobs will be lost in theBaltimord area. M&T Bank has said former Provident employeees will have first dibson M&T Bank’s vacantr positions.
Under the agreement, former Provident chairperson and CEO Gary Geiseo has been named a directorof M&T Bank and M&T Bank Provident common stockholders will receive 0.17 shares of M&Tf common stock in exchange for each share of Provident commo n stock they owned. At the end of M&T Bank reported $64.9 billion in assets, while Providenyt reported $6.5 billion in assets, bankingv officials said.