United Financial Bancorp

What United Financial Bancorp does

United Financial Bancorp appears to have been acquired by or merged into M&T Bank Corporation (NYSE: MTB), as indicated by the redirect of bankatunited.com to mtb.com. The surviving operating entity, M&T Bank, is a full-service regional bank headquartered in Buffalo, New York, serving personal consumers, small business owners, and commercial clients across multiple states in the northeastern United States through physical branches, ATMs, mobile and online banking platforms, and phone-based contact centers.

The bank offers a comprehensive product suite including checking accounts, savings products, certificates of deposit, mortgages, home equity lines of credit, personal loans, credit cards (Visa-branded), small business banking, SBA 7(a) government-backed lending, commercial lending, treasury management, and investment and insurance services delivered through the Wilmington Advisors @ M&T brand in partnership with LPL Financial. The core digital experience is delivered via the M&T Mobile Banking app (iOS and Android), which supports Zelle peer-to-peer transfers, remote check deposit, and spending monitoring, backed by an encrypted online banking platform.

The business model is traditional banking: net interest income from lending activities (mortgages, SBA loans, personal loans, commercial loans), fee-based revenue from transaction services and deposit accounts, and fee/commission revenue from investment and insurance products distributed via the LPL Financial partnership. Go-to-market is multi-channel, combining enterprise field sales for commercial and SBA lending with self-serve digital channels and in-branch retail banking for consumer and small business customers.

Name

United Financial Bancorp

Legal name

M&T Bank

Website

https://bankatunited.com

Company type

Public

Founded year

1858

Operating status

Operating

Headcount range

501–1,000 employees

Short description

United Financial Bancorp was absorbed into M&T Bank (NYSE: MTB), a Buffalo-headquartered regional bank offering consumer, small business, and commercial banking — including SBA lending, mortgages, and digital banking — across the northeastern United States.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022), National Commercial Banks (6021), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Small business lending
• SBA loan programs
• Mortgage lending
• Digital banking

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Personal Banking: Revenue from checking accounts, savings accounts, CDs, personal loans, credit cards, and mortgages for individual consumers
2. Business Banking: Revenue from small business checking, business loans, SBA lending programs, and business credit services
3. Commercial Banking: Revenue from commercial lending, treasury management, and commercial deposit services for larger business clients
4. Investments & Insurance: Revenue from investment products and insurance services offered through Wilmington Advisors @ M&T partnership with LPL Financial

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

M&T Bank provides personal and business banking services including checking accounts, savings, money market accounts, certificates of deposit, mortgages, personal loans, credit cards, and SBA lending for small businesses. Commercial banking services include commercial lending, treasury management, and deposit services for larger business clients. Investment and insurance products are offered through Wilmington Advisors @ M&T in partnership with LPL Financial. The bank operates physical branches, ATMs, mobile, and online banking channels across the northeastern United States.

Product overview

M&T Bank offers a comprehensive personal and business banking platform with checking accounts, mortgages, personal loans, credit cards, savings products, and investments. The core digital experience includes M&T Mobile Banking (available on iOS and Android) with features like Zelle payments, check deposits, and spending monitoring. The bank also provides specialized services including SBA lending, mortgage assistance programs, and multicultural banking initiatives. Investment and insurance products are offered through Wilmington Advisors @ M&T in partnership with LPL Financial.

Differentiator

Problem solved

Functional benefit

Brands

• Wilmington Advisors @ M&T: Holistic financial planning guidance on retirement, education, and insurance offered through LPL Financial.
• M&T Preferred Money Market
• M&T Mobile Banking
• M&T Custom Card

Products and services

• M&T Checking Accounts

Quantifiable outcome

• $62.1M in community impact investment supporting 3,796 non-profit organizations
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Wilmington Advisors @ M&T (LPL Financial)coreChannel Partner/ Reseller/ DistributorWilmington Advisors @ M&T is a brand used by M&T Bank employees who are registered representatives with LPL Financial. The partnership provides investment and insurance products/services to M&T customers through LPL's platform. Products and services on the Wilmington site are offered through LPL or its affiliates, which are separate entities not affiliated with M&T Bank.
• VisacoreTechnology or IntegrationVisa is a registered trademark used for credit card services. M&T Bank offers Visa credit cards as part of its product portfolio.
• ZellecoreTechnology or IntegrationZelle is integrated into M&T's mobile banking app allowing customers to send and receive money directly from their bank accounts.
• U.S. Small Business Administration (SBA)coreStrategic or Co-development PartnerM&T Bank is a Top 10 SBA Lender nationally through the SBA's 7(a) lending program, providing government-backed loans to small businesses.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Regions Financial: Super-regional bank with consumer, small business, and commercial banking offerings. Operates a comparable hybrid model with community-banking emphasis but is geographically concentrated in the Southeast and broader Sun Belt rather than the Northeast.
• PNC Financial Services: Larger super-regional bank with national footprint and significant Northeast presence. Competes in commercial banking, treasury management, and SMB lending, but operates at greater scale and broader geographic scope than M&T.
• Fifth Third Bank: Super-regional commercial bank serving consumer, small business, and commercial clients across the Midwest and Southeast. Competes in commercial middle-market lending and treasury management, with broader geographic reach than M&T.

Direct peers

• TD Bank (US): Major retail and commercial bank concentrated along the Northeast Corridor, directly overlapping M&T's strongest markets. Competes head-to-head on consumer deposits, mortgages, and small business banking.
• KeyBank: Mid-sized regional commercial bank with overlapping Northeast and Midwest footprint, comparable SME and SBA lending focus, and similar product breadth spanning personal, business, and commercial banking. Closest direct competitor in market positioning and scale.
• Huntington Bancshares: Midwest-rooted commercial bank with strong SBA lending franchise and community-banking orientation. Comparable hybrid model with regional branch density and focus on small business and consumer relationships.
• Webster Bank: New England-focused commercial bank offering personal, business, and commercial banking with a strong community orientation. Smaller than M&T but directly comparable in Northeast regional commercial banking positioning.
• Citizens Financial Group: Northeast-anchored regional bank serving consumers, small businesses, and commercial clients with comparable deposit, lending, and wealth products. Operates with the same hybrid branch-digital model and similar mid-Atlantic to New England footprint.

Emerging players

• Ally Financial: Leading digital-first competitor targeting the same consumer and SMB deposits and lending relationships. Asset-light operating model represents the structural cost-efficiency challenge to M&T's branch-based distribution.

Others

• Discover Financial Services: Direct-banking competitor (Discover Bank) competes for the same consumer deposit and credit card relationships through digital channels. Adjacent fintech-enabled institution rather than geographic competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bankatunited
• Facebookfacebook.com/bankatunited
• LinkedInlinkedin.com/company/united-bank
• Instagraminstagram.com/mandt_bank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Financial Bancorp