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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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I've been waiting for something like this to happen with AllFirst. This bank has been shaky in my book ever since the $691 million trading scandal. I figured the only way for them to lose the AllFirst name was to outright change it or merge with another bank and take on the new name.

Here's another article:
http://www.sunspot.net/business/bal-bz.allfirst28sep28,0,5226867.story?coll=bal%2Dbusiness%2Dheadlines

-dcFlash

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Flash,

I never realized this, but as I was reading an article from American Banker forwarded to me by a certain Texan we all know, the Allfirst name is a hybrid of:

All - Allied Irish banks, plc
first - (The former) First National Bank of Maryland

Just in case anyone wondered...

SJJ
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SJJ,

Thanks for the info. Now if you can only tell me what their darn logo is supposed to be? I've wondered ever since they replaced the First National Bank of Maryland signs. Any guesses?

Take a look...
http://www.allfirst.com/home_d.html

-dcFlash
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Now if you can only tell me what their darn logo is supposed to be?

Looks like a laptop to me.

Ken
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I thought laptop, too, but also an open window with light shining in.

silverwing
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I agree with silverwing ... it looks like an open window with the light shining in.
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