Mainebiz

W W W. M A I N E B I Z . B I Z 7 A P R I L 1 8 , 2 0 2 2 People's now part of M&T Bank People's United Financial Inc., a Bridgeport, Conn.-based finan- cial holding company with 17 bank branches in Maine, is now owned by Buffalo, N.Y.-based M&T Bank Corp. (NYSE: MTB), after an $8.3 billion acquisition was completed April 4. e combined company employs more than 22,000 people and has a net- work of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. e deal was announced in February 2021 and approved by shareholders three months later. Regulators in New York State and Connecticut gave the green light in October 2021, while the Board of Governors of the Federal Reserve System approved the deal in March. Preble Street workers approve contract e union representing 150 workers at Preble Street, a statewide social service nonprofit, has agreed to a new labor contract that will increase wages for S O U T H E R N Field of dreams? World's tallest flagpole could bring thousands of jobs to Downeast — Crazy? Possibly, but props for thinking big Mills signs bill to keep Maine Veterans' Homes in Machias, Caribou open — At least for now, this is good news Maine community colleges will now forgive $2K in debt for returning students — Here's hoping that more colleges do this Just in time for Maine's busy summer season, feds issue 35,000 more worker visas — A much-needed influx of labor Maine Medical Center vows to exit Anthem insurance network because of billing disputes — Let's hope this is just a negotiating tactic Manufacturers Association executive director to retire — Lisa Martin will be missed C R E D I T S & D E B I T S MEMBER FDIC EQUAL HOUSING LENDER 1-800-447-4559 | bathsavings.bank Make your vision a reality. Talk to a neighbor. You have a vision to build something meaningful, and we have the experience to help make it happen. Custom lending solutions are here for you — and so are we. Let's talk. The proposed flagpole in Centerville, standing 7 feet higher than the Empire State Building. R E N D E R I N G / C O U R T E S Y O F F L A G P O L E O F F R E E D O M PA R K

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