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October 2015: People's United subsidiary acquired Kesten-Brown Insurance [27] April 2017: acquired Suffolk Bancorp; July 2017: acquired LEAF Commercial Capital [28] [29] June 2018: People's United Bank agreed to purchase Farmington Bank in a deal valued at $544 million [30] November 2019: acquired Connecticut-based United Financial Bancorp. [31]
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Here are some of the biggest bank mergers and acquisitions in American history. ... M&T Bank. People’s United. $8.3 billion. ... The number of banks insured by the Federal Deposit Insurance Corp ...
2019: On July 15, 2019, People's United Bank (Bridgeport, Conn.) and United Bank announced they would be joining forces in an all-stock transaction totaling $759 million. People's United's acquisition of UBNK completed on November 1, 2019. [3] 2022: People's United Bank is itself subsumed into M&T Bank. [4]
The recent acquisition of United Financial Bancorp will likely be conducive to People's United (PBCT) bottom-line growth. Further, the buyout reflects the company's efforts to fortify its footprint.
Old National Bank: United Bank & Trust: Old National Bank: $173 million Old National Bank: 2015 M&T Bank: Hudson City Bancorp: M&T Bank: $3.7 Billion M&T Bank: 2016 Huntington Bancshares: FirstMerit Bank Huntington Bancshares $3.4 billion Huntington Bancshares 2016 Key Bank: First Niagara Financial: $4.1 Billion KeyBank: 2017 Canadian Imperial ...
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The company merged on January 1, 2008, with People's United Bank in Bridgeport, Connecticut. Chittenden Corporation was a bank holding company that provided financial services through its banking subsidiaries. The company was the holding company parent and owned 100% of the common stock of Chittenden Trust Company (doing business as Chittenden ...