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Map of People's United branches as of March 2013. 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]
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 ...
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 ...
Buffalo-based M&T Bank’s takeover of People’s United Bank — one of Connecticut’s largest and oldest lenders — was completed early Saturday. The merger was delayed for months and ...
Here are some of the biggest bank mergers and acquisitions in American history. ... M&T Bank. People’s United. $8.3 billion. Jan. 4, 2022. First Citizens. CIT Bank. $2.2 billion. June 9, 2021.
Feb. 22—Buffalo's M&T Bank Corp. has entered an agreement to buy Bridgeport-based People's United Bank in a transaction valued at over $7 billion, officials with both banks announced this morning.
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.