27:
287:
36:
231:
214:
356:. In 1981, the bank became the first in the country to provide a telephone bill paying service. After acquiring People's Bank of Vernon, CT, in 1983, the company was renamed People's Bank. It then acquired several other banks in New England to become the second largest in the region.
373:
In
February 2008, a data storage company, Archive America, lost backup tapes in transit containing the "names, birthdays, Social Security numbers and other information" of customers of the bank and of
1085:
1035:
825:
1211:
1142:
738:
1191:
1196:
1053:
803:
1113:
415:
From its founding as
Bridgeport Savings Bank to the present, People's United has acquired several banks and other financial institutions in New England including:
1099:
1216:
656:
905:
598:
563:
695:
1221:
1067:
464:
779:
1206:
881:
619:
1201:
760:
1128:
996:
1015:
799:
624:
407:, announced an agreement to acquire People's United Bank in an all-stock transaction valuing at approximately $ 7.6 billion.
840:
943:
718:
374:
559:
861:
334:
982:"People's United Bank, Bridgeport, Connecticut, Assumes All of the Deposits of Butler Bank, Lowell, Massachusetts"
385:
764:
503:
1173:
966:
845:
534:
353:
152:
26:
960:
891:
745:
476:
454:
450:
360:
533:, the People's Bank Building (known officially as Bridgeport Center) is the tallest building in downtown
286:
453:
for $ 1.9 billion Also in 2008, the bank acquired Ocean Bank of New
Hampshire, Maine Bank & Trust,
1036:"People's United Financial, Inc. Completes Acquisitions of LSB Corporation and Smithtown Bancorp, Inc"
359:
In 1985, the company began issuing credit cards, but by 2004, it sold its credit card division to the
298:
1086:"People's United Insurance Agency Announces Acquisition Of Connecticut-Based Kesten-Brown Insurance"
938:
923:
1129:"People's United CEO Says $ 544M Purchase Of Farmington Bank Signifies Confidence In Connecticut"
1020:
886:
723:
74:
784:
522:
516:
404:
866:
363:
at a premium of $ 360 million. The company moved to a new headquarters building designed by
302:
223:
170:
826:"People's United Bank is Selected to Manage Core Banking Services for the State of Vermont"
496:
392:
in
November 2016, and was also selected to manage the core bank accounts for the state of
981:
681:
1143:"People's United Financial, Inc. Completes Acquisition of United Financial Bancorp, Inc"
480:
310:
249:
1185:
909:
530:
526:
460:
February 2010: acquired
Financial Federal Corporation, an equipment financing company
389:
364:
326:
314:
57:
1088:(Press release). People's United Financial. October 15, 2015 – via PRNewswire.
828:(Press release). People's United Financial. August 15, 2017 – via PRNewswire.
599:"M&T Bank Corporation Completes Acquisition of People's United Financial, Inc"
1116:(Press release). People's United Financial. July 31, 2017 – via PRNewswire.
1102:(Press release). People's United Financial. April 3, 2017 – via PRNewswire.
1056:(Press release). People's United Financial. July 1, 2011 – via PRNewswire.
657:"People's Bank Changes Name to People's United Bank to Accommodate Growth Plans"
602:
400:
341:
330:
306:
254:
141:
35:
1054:"People's United Financial, Inc. Completes Acquisition of Danvers Bancorp, Inc"
577:
1039:
660:
384:
People's United was notably selected to manage the core bank accounts for the
49:
1114:"People's United Bank Completes Acquisition of LEAF Commercial Capital, Inc"
924:"Chittenden: People's United Financial to acquire Chittenden for $ 1.9 bln"
1100:"People's United Financial, Inc. Completes Acquisition of Suffolk Bancorp"
1068:"People's United Completes Purchase of Citizens Bank Branches In New York"
430:
1982: acquired
Guardian Federal Savings and Loan Association of Bridgeport
184:
486:
October 2015: People's United subsidiary acquired Kesten-Brown
Insurance
984:(Press release). Federal Deposit Insurance Corporation. April 16, 2010.
703:
393:
318:
439:
1998: acquired
Norwich Financial Corporation for $ 164 million in cash
739:"RBS to Acquire Credit Card Business of People's Bank of Connecticut"
378:
63:
800:"Treasurer Deborah Goldberg Announces New Banking Services Contract"
370:
On June 7, 2007, the bank changed its name to People's United Bank.
344:
and was fully integrated into M&T by the third quarter of 2022.
906:"People's United Financial, Inc. to Acquire Chittenden Corporation"
475:
2012: acquired 57 branches in the greater New York metro area from
427:
1981: acquired the assets of First
Stamford Bank and Trust Company
322:
285:
206:
908:(Press release). Peoples United Bank. June 27, 2007 – via
997:"People's Bank To Acquire Butler, A Failed Massachusetts Bank"
560:"People's United Financial, Inc. 2017 Form 10-K Annual Report"
377:. On November 22, 2010, the bank opened its first location in
352:
The company was founded in 1842 as
Bridgeport Savings Bank in
196:
190:
1170:
Historical business data for People's United Financial, Inc.:
469:
December 2010: acquired LSB Corporation and Smithtown Bancorp
436:
1991: acquired the deposits of Hartford-based Landmark Bank
40:
Bridgeport Center, the headquarters of People’s United Bank
463:
April 2010: acquired Butler Bank, which was seized by the
265:
841:"M&T Bank to Buy People's United for $ 7.6 billion"
301:
that owned People's United Bank. The bank operated 403
882:"Connecticut Banks Agree To Merge $ 164 Million Deal"
495:June 2018: People's United Bank agreed to purchase
457:, Flagship Bank, and Bank of Western Massachusetts.
260:
248:
238:
221:
204:
176:
163:
147:
136:
121:
80:
70:
55:
45:
959:
696:"People's Bank Will Sell Its Credit Card Business"
329:. It was the second-largest full-service bank in
290:Map of People's United branches as of March 2013.
862:"People's To Buy Parent Firm Of Norwich Savings"
529:. Rising 18 stories above the northern side of
961:"People's United to Acquire Financial Federal"
682:"Bank Mergers and Acquisitions – 1980 to 1989"
337:, and the 46th-largest in the United States.
8:
761:"Bank loses tapes with data on 4.5M clients"
19:
1016:"People's United Bank acquires Butler Bank"
780:"People's United bank opening up in Boston"
620:"People's United cedes its S&L charter"
492:July 2017: acquired LEAF Commercial Capital
1212:Companies based in Bridgeport, Connecticut
860:Gosselin, Kenneth R. (September 5, 1997).
502:November 2019: acquired Connecticut-based
34:
25:
18:
614:
612:
578:"Largest Banks in the United States 2017"
525:was built in 1989, designed by architect
433:1986: acquired First Federal Savings Bank
651:
649:
647:
645:
643:
641:
639:
637:
635:
1192:Companies formerly listed on the Nasdaq
995:Gosselin, Kenneth R. (April 16, 2010).
564:U.S. Securities and Exchange Commission
546:
340:On April 2, 2022, the bank merged with
1197:American companies established in 1842
1127:Gosselin, Kenneth R. (19 June 2018).
778:Fitzgerald, Jay (November 20, 2010).
719:"People's sells credit card division"
554:
552:
550:
465:Federal Deposit Insurance Corporation
424:1955: acquired Southport Savings Bank
7:
839:McCaffrey, Orla (22 February 2021).
684:. Connecticut Department of Banking.
676:
674:
672:
670:
489:April 2017: acquired Suffolk Bancorp
717:Higgins, Steve (February 4, 2004).
472:July 2011: acquired Danvers Bancorp
1217:1842 establishments in Connecticut
958:Stynes, Tess (November 24, 2009).
939:"Ocean Bank to take People's name"
14:
1145:. Cision US, Inc. 1 November 2019
1014:Carter, Angela (April 17, 2010).
499:in a deal valued at $ 544 million
230:
229:
213:
212:
101:People's Savings Bank-Bridgeport
95:Bridgeport-People's Savings Bank
759:Fonseca, Brian (May 30, 2008).
295:People's United Financial, Inc.
278:Footnotes / references
20:People's United Financial, Inc.
1:
1222:2022 mergers and acquisitions
944:New Hampshire Business Review
937:Sanders, Bob (July 1, 2010).
521:People's United Financial's
333:, one of the largest in the
479:, including 53 branches in
375:The Bank of New York Mellon
1238:
1207:Banks based in Connecticut
804:Treasurer of Massachusetts
514:
449:January 1, 2008: acquired
1202:Banks established in 1842
926:. Reuters. June 27, 2007.
625:Hartford Business Journal
276:
33:
24:
765:International Data Group
504:United Financial Bancorp
16:American banking company
967:The Wall Street Journal
892:Dow Jones & Company
846:The Wall Street Journal
354:Bridgeport, Connecticut
217:$ 58.590 billion (2019)
153:Bridgeport, Connecticut
89:Bridgeport Savings Bank
746:Royal Bank of Scotland
477:Royal Bank of Scotland
455:Merrill Merchants Bank
451:Chittenden Corporation
399:On February 22, 2021,
361:Royal Bank of Scotland
291:
234:$ 7.947 billion (2019)
289:
894:. September 5, 1997.
628:. February 10, 2015.
299:bank holding company
113:People's United Bank
1042:. December 1, 2010.
806:. November 10, 2016
748:. February 3, 2004.
706:. February 4, 2004.
411:Acquisition history
240:Number of employees
165:Number of locations
21:
1021:New Haven Register
887:The New York Times
724:New Haven Register
700:The New York Times
580:. www.relbanks.com
297:, was an American
292:
183:George P. Carter (
75:Financial services
1038:(Press release).
802:(Press release).
785:The Boston Herald
744:(Press release).
659:(Press release).
601:(Press release).
517:Bridgeport Center
405:Buffalo, New York
284:
283:
195:R. David Rosato (
1229:
1155:
1154:
1152:
1150:
1139:
1133:
1132:
1124:
1118:
1117:
1110:
1104:
1103:
1096:
1090:
1089:
1082:
1076:
1075:
1074:. June 25, 2012.
1072:Hartford Courant
1064:
1058:
1057:
1050:
1044:
1043:
1032:
1026:
1025:
1011:
1005:
1004:
1001:Hartford Courant
992:
986:
985:
978:
972:
971:
963:
955:
949:
948:
934:
928:
927:
920:
914:
913:
902:
896:
895:
878:
872:
871:
867:Hartford Courant
857:
851:
850:
836:
830:
829:
822:
816:
815:
813:
811:
796:
790:
789:
775:
769:
768:
756:
750:
749:
743:
735:
729:
728:
714:
708:
707:
692:
686:
685:
678:
665:
664:
653:
630:
629:
616:
607:
606:
605:. April 2, 2022.
595:
589:
588:
586:
585:
574:
568:
567:
556:
396:in August 2017.
272:
269:
267:
233:
232:
226:
216:
215:
209:
200:
189:John P. Barnes (
132:
130:
38:
29:
22:
1237:
1236:
1232:
1231:
1230:
1228:
1227:
1226:
1182:
1181:
1178:
1164:
1159:
1158:
1148:
1146:
1141:
1140:
1136:
1126:
1125:
1121:
1112:
1111:
1107:
1098:
1097:
1093:
1084:
1083:
1079:
1066:
1065:
1061:
1052:
1051:
1047:
1034:
1033:
1029:
1013:
1012:
1008:
994:
993:
989:
980:
979:
975:
957:
956:
952:
936:
935:
931:
922:
921:
917:
904:
903:
899:
880:
879:
875:
859:
858:
854:
838:
837:
833:
824:
823:
819:
809:
807:
798:
797:
793:
777:
776:
772:
758:
757:
753:
741:
737:
736:
732:
716:
715:
711:
694:
693:
689:
680:
679:
668:
663:. June 7, 2007.
655:
654:
633:
618:
617:
610:
597:
596:
592:
583:
581:
576:
575:
571:
558:
557:
548:
543:
519:
513:
497:Farmington Bank
481:Stop & Shop
446:
421:
413:
350:
309:, southeastern
280:
264:
241:
222:
205:
194:
188:
182:
179:
166:
159:
155:
128:
126:
117:
60:
41:
17:
12:
11:
5:
1235:
1233:
1225:
1224:
1219:
1214:
1209:
1204:
1199:
1194:
1184:
1183:
1180:
1179:
1177:
1176:
1171:
1167:
1163:
1162:External links
1160:
1157:
1156:
1134:
1119:
1105:
1091:
1077:
1059:
1045:
1027:
1006:
987:
973:
950:
929:
915:
897:
873:
852:
831:
817:
791:
770:
751:
730:
709:
687:
666:
631:
608:
590:
569:
545:
544:
542:
539:
515:Main article:
512:
509:
508:
507:
500:
493:
490:
487:
484:
473:
470:
467:
461:
458:
445:
442:
441:
440:
437:
434:
431:
428:
425:
420:
417:
412:
409:
349:
346:
311:New York State
282:
281:
274:
273:
262:
258:
257:
252:
246:
245:
242:
239:
236:
235:
227:
219:
218:
210:
202:
201:
180:
177:
174:
173:
167:
164:
161:
160:
157:
151:
149:
145:
144:
138:
134:
133:
123:
119:
118:
116:
115:
109:
103:
97:
91:
84:
82:
78:
77:
72:
68:
67:
61:
56:
53:
52:
47:
43:
42:
39:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
1234:
1223:
1220:
1218:
1215:
1213:
1210:
1208:
1205:
1203:
1200:
1198:
1195:
1193:
1190:
1189:
1187:
1175:
1172:
1169:
1168:
1166:
1165:
1161:
1144:
1138:
1135:
1130:
1123:
1120:
1115:
1109:
1106:
1101:
1095:
1092:
1087:
1081:
1078:
1073:
1069:
1063:
1060:
1055:
1049:
1046:
1041:
1037:
1031:
1028:
1023:
1022:
1017:
1010:
1007:
1002:
998:
991:
988:
983:
977:
974:
969:
968:
962:
954:
951:
946:
945:
940:
933:
930:
925:
919:
916:
911:
910:Business Wire
907:
901:
898:
893:
889:
888:
883:
877:
874:
869:
868:
863:
856:
853:
848:
847:
842:
835:
832:
827:
821:
818:
805:
801:
795:
792:
787:
786:
781:
774:
771:
766:
762:
755:
752:
747:
740:
734:
731:
726:
725:
720:
713:
710:
705:
701:
697:
691:
688:
683:
677:
675:
673:
671:
667:
662:
658:
652:
650:
648:
646:
644:
642:
640:
638:
636:
632:
627:
626:
621:
615:
613:
609:
604:
600:
594:
591:
579:
573:
570:
565:
561:
555:
553:
551:
547:
540:
538:
536:
532:
528:
527:Richard Meier
524:
518:
510:
505:
501:
498:
494:
491:
488:
485:
482:
478:
474:
471:
468:
466:
462:
459:
456:
452:
448:
447:
443:
438:
435:
432:
429:
426:
423:
422:
418:
416:
410:
408:
406:
402:
397:
395:
391:
390:Massachusetts
387:
382:
380:
376:
371:
368:
366:
365:Richard Meier
362:
357:
355:
347:
345:
343:
338:
336:
332:
328:
327:New Hampshire
324:
320:
316:
315:Massachusetts
312:
308:
304:
300:
296:
288:
279:
275:
271:
263:
259:
256:
253:
251:
247:
243:
237:
228:
225:
220:
211:
208:
203:
198:
192:
186:
181:
175:
172:
168:
162:
154:
150:
146:
143:
139:
135:
124:
120:
114:
110:
108:
107:People's Bank
104:
102:
98:
96:
92:
90:
86:
85:
83:
79:
76:
73:
69:
65:
62:
59:
54:
51:
48:
44:
37:
32:
28:
23:
1147:. Retrieved
1137:
1122:
1108:
1094:
1080:
1071:
1062:
1048:
1030:
1019:
1009:
1000:
990:
976:
965:
953:
942:
932:
918:
900:
885:
876:
865:
855:
844:
834:
820:
810:February 22,
808:. Retrieved
794:
783:
773:
754:
733:
722:
712:
699:
690:
623:
603:M&T Bank
593:
582:. Retrieved
572:
523:headquarters
520:
511:Headquarters
483:supermarkets
444:21st century
419:20th century
414:
401:M&T Bank
398:
386:Commonwealth
383:
372:
369:
358:
351:
342:M&T Bank
339:
294:
293:
277:
255:M&T Bank
244:5,188 (2017)
224:Total equity
207:Total assets
148:Headquarters
142:M&T Bank
140:Merged into
112:
106:
100:
94:
88:
46:Company type
1174:SEC filings
403:, based in
331:New England
307:Connecticut
66:: PBCT
1186:Categories
1040:PRNewswire
661:PRNewswire
584:2017-12-25
541:References
535:Bridgeport
178:Key people
50:Subsidiary
367:in 1989.
335:northeast
58:Traded as
303:branches
268:.peoples
185:chairman
171:branches
111:2007 as
105:1983 as
99:1955 as
93:1927 as
87:1842 as
71:Industry
1149:10 July
704:Reuters
394:Vermont
348:History
319:Vermont
261:Website
127: (
122:Defunct
81:Founded
379:Boston
325:, and
250:Parent
64:Nasdaq
742:(PDF)
323:Maine
1151:2023
812:2018
531:I-95
270:.com
169:403
158:U.S.
137:Fate
129:2022
125:2022
388:of
305:in
266:www
197:CFO
191:CEO
1188::
1070:.
1018:.
999:.
964:.
941:.
890:.
884:.
864:.
843:.
782:.
763:.
721:.
702:.
698:.
669:^
634:^
622:.
611:^
562:.
549:^
537:.
381:.
321:,
317:,
313:,
156:,
1153:.
1131:.
1024:.
1003:.
970:.
947:.
912:.
870:.
849:.
814:.
788:.
767:.
727:.
587:.
566:.
506:.
199:)
193:)
187:)
131:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
