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People's United Financial, Inc., was an American bank holding company that owned People's United Bank. [1] The bank operated 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. [1] It was the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th ...
Per M&T Bank (MTB) and People's United (PBCT), their impending merger is slated for a quick wrap-up following the Fed's recent regulatory nod. This will boost M&T Bank's base in the Northeast.
Mar. 6—M&T Bank Corp. has reached a deal to acquire People's United Bank, a financial institution with locations in New Hampshire, Vermont and across the Northeast, the companies announced last ...
Fleet Financial Group, Inc. Norstar Bank: Fleet/Norstar Financial Group, Inc. $1.3 billion [21] Bank of America: 1987 First Fidelity Bancorp. The Fidelity Bank (Fidelcor) First Fidelity Bancorp: $1.34 billion; largest ever at the time [21] [22] Wells Fargo: 1987 PNC Financial Corp. Central Bancorp. PNC Financial Corp. Nearly $700 million [21 ...
Though People's United's (PBCT) strong liquidity position makes it well poised to grow through acquisitions, rising costs on investment in technology limit bottom-line expansion.
The bank was acquired in 2019 by People's United Financial and branches were rebranded or closed. United Bank specialized in retail and business banking, commercial and consumer lending and wealth management services. The Bank provided services through its branches, online, mobile and telephone banking and by way of their relationship bankers.
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.
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 ...