Thursday, July 19, 2007

M&T Bank to buy Partners Trust for $555 mln

(Reuters) - Partners Trust is the parent of Partners Trust Bank. It
operates branches in six upstate counties, and has about $2.3
billion each of deposits and loans, Buffalo-based M&T said.




The transaction is expected to close within six months. M&T
has $57.9 billion of assets and more than 650 branches in seven
mid-Atlantic states and Washington, D.C. Warren Buffett's
Berkshire Hathaway Inc. is among its top
shareholders.



Read more at Reuters.com Mergers News

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