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All,

Looks like more consolidation of banks happening in the Mid-Altantic/Northeast. This time around, Allied Irish Banks, plc (doing business in the states as Baltimore, MD-based Allfirst Financial) will be merging its' banking unit with Buffalo, NY-based M&T Bank Corporation.

M&T Bank will be the surviving brand, and their reach will be extended through much of the Mid-Atlantic (6 states, plus D.C.) - notable competition in their new franchise will include such heavy hitters as Bank of America, Wachovia/First Union, BB&T, and HSBC). Full details at http://ir.mandtbank.com/downloads/20020926_release.pdf

With that having been said, will the merger activity heat-up, once again? Who will be next??

Stay tuned, and find out...

SJJ
Always on-target -- accept no substitutes!

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