People's United Bank Investing in Our Communities

Reinvesting in the Community
The bank has continued to adhere to its philosophy that those things, which improve prosperity and quality of life, will thereby benefit the (people) we serve. - Samuel W. Hawley, People's United Bank CEO, 1956 to 1975

"In 1977, when lawmakers passed the Community Reinvestment Act, People's United already was practicing what is now being required of financial institutions. Since then, we have consistently been awarded 'Outstanding' Community Reinvestment Act ratings. This is an honor, but it is not a surprise. We've been investing in our communities since our founding more than 160 years ago. When I joined People's United in 1971, I was profoundly struck by the bank's commitment to its employees, its customers and its communities. People's United stood out as a model for other businesses, because throughout our history we have worked aggressively to identify and support solutions to community and individual needs - in the way we did business and through corporate giving. This legacy has had a great deal to do with the fact that my entire 30-year career has been with one company: People's United Bank. I am proud of the work my fellow employees do each and every day to continue our corporate culture of doing 'those things that improve the prosperity and quality of life' in the communities we serve." - John A. Klein, Chairman and Chief Executive Officer

People's United Bank heritage, our mission today and our plans for the 21st Century are to continue what our founders set out to do - to invest in the communities we serve. We are justly proud of our legacy of community investment and our ability to anticipate - and to address - the individual, financial, and development needs of our customers and their communities.

People's United Bank focuses our community development activities in the geographic areas that include our main office and branches as well as surrounding areas. Click to see a map of our assessment areas.

Community Reinvestment Quicklinks

• Affordable Housing Lending
• Community Development Lending
• Community Lending and Small Business Lending
• Community Development Investments
• Community Services

Affordable Housing
Remembering our roots, involvement in affordable housing is a given.

People's United is a leader in creating homeownership opportunities throughout the state. In addition to our many mortgage products, through our residential lending department, we participate in state and federal programs that help low-and moderate-income households achieve the goal of home ownership. Mortgage calling officers are available, seven days a week, to take mortgage loan applications from customers in locationsthat are convenient for customers. In addition, a sales support team provides training and seminars for banking personnel, real estate agents and the public.

From innovative affordable mortgage programs to our own homebuyer counseling program - Unlocking the Possibilities of Home Ownership™ - People's United remains deeply involved in customer and community housing needs.

We carry out this commitment under our umbrella program, Building Foundations™. This includes a community reinvestment loan pool, partnerships with Connecticut's central cities, hospitals and corporations, as well as the Connecticut Housing Finance Authority, Fannie Mae and Freddie Mac. We also collaborate with non-profit organizations across the state, including non-profit loan funds, and such groups as Mutual Housing of Southwestern Connecticut, Neighborworks organizations across the state, Local Initiatives Support Corporation, and community development corporations.
Learn more about Residential Lending

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Community Development Lending

Because we believe that the communities we serve are among our greatest assets, we work with and invest in organizations that know the needs of our communities. Today, People's United strong interest in community development is embodied in myriad partnerships and programs. Whether it's a health services development, a center for the arts, a downtown revitalization project or an affordable housing project, People's United lenders are there to provide the resources and support to rebuild, revitalize, and renew neighborhoods.
Learn more about Real Estate Finance
Learn more about Commercial Lending

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Community Lending and Small Business Lending
We continue to seek ways to meet the borrowing needs of business owners. Our Community Lending Department enhances our commitment to improve local economics and support small businesses.

People's United Bank has been awarded Preferred Lender status by the U.S. Small Business Administration, giving our customers faster turnaround on loan applications. People's United partners with government loan guarantee programs and investments in non-profit organizations, such as the Community Economic Development Fund and the Grow Bridgeport Fund, to make it possible for small businesses to start up and expand. People's United offers the state's only revolving loan fund targeting purchase of "assistive technology" for people who have physical handicaps. Learn more about Community Lending

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Community Development Investments
People's United Bank makes investments in organizations that have community development as their primary purpose. Our community development investment portfolio includes loan funds that finance small businesses and the development of affordable housing as well as low-income housing tax credit projects. The Bank also makes direct investments in the form of charitable contributions or grants to organizations that undertake community development or affordable housing programs.

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Community Services
The key community service for a financial institution is accessibility. We were the first in the nation to offer telephone banking, and, now with more than 75 supermarket branches and our award-winning on-line service, we continue bringing financial services closer to people. Today People's United offers a broad array of financial services at over 160 branches throughout Connecticut and New York. And, while we continue to expand and build our business, we maintain our place as a proactive community player - reflecting our continuing belief that devoting resources to residents, businesses, and communities helps all of us to grow and succeed.
Learn about the Distribution of Banking Services

People's United representatives serve and act as leaders on many boards and committees for community development and non-profit organizations across the region. And, working with non-profit organizations, we make Individual Development Accounts available to people with low- and moderate-incomes who are saving for a down payment on a home, continuing an education or starting a business.

We continue to seek innovative ways to share our resources with the people in our communities. People's United Bank actively participates in the Federal Home Loan Bank of Boston's (FHLBB) Affordable Housing Program (AHP) and community-based lending programs.

Significant in-kind support--such as providing equipment and services and printing, training, and technology - go to organizations that work with low- and moderate-income individuals.

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