HTN: M&T Completes Acquisition

Buffalo-based M&T Bank Corp. has finished its acquisition of Baltimore-based Provident Bankshares Corp. The 401-million-dollar deal was closed over the weekend and ups M&T's presence in Maryland. It includes the addition of 135 bank branches and 190 ATMs. The acquisition will eliminate 520 Provident jobs, but will give those employees first pick of vacant M&T positions. With the acquisition, there are now over 800 M&T branches and over 18-hundred ATMS throughout Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington, DC and West Virginia.