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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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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]
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 ...
It was established by buying seven former Fleet Bank offices in the area and had 75 employees, 7 branches, and $74 million in assets. [2] William C. Bullock Jr. led the bank from its founding until his retirement in 2004. [1] Leonard Minsky served as the bank's founding director. [3] In 2008, it was acquired by People's United Bank. [1]
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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 ...