Complete systems conversion following the People's United merger
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 7 Mar 2022
- Due
- 30 Sep 2022
- Delivered
- by 5 Sep 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Customers will continue to be served through their respective M&T and People's United branches, websites, mobile apps, financial advisors, and relationship managers until systems conversion is complete, which is expected to occur in the third”
What we found
Evidence strength A What the grades mean
A later 8-K states the systems conversion was completed over Labor Day weekend 2022, before the September 30, 2022 deadline.
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A M&T Bank 10-Q filed 2022-11-07
“The lower fees associated with People's United reflect waivers of certain fees in September following conversion of customer deposit accounts to the Company's deposit servicing system.” ✓ confirmed on the page
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A M&T Bank 8-K filed 2022-12-06
“Closed merger on April 1 Completed system conversion over Labor Day weekend” ✓ confirmed on the page
Market reaction: the shares moved -0.1% against the S&P 500 over the three sessions around the disclosure (4 Nov 2022 to 9 Nov 2022). What this measures
Checked 11 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Merger
- Indicative materiality
- Transformational rules
- Action
- Complete
- Deliverable
- Systems conversion for combined M&T and People's United customers
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- Medium
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2022-MTB-006979 · Corrections policy