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About People's United

About People's United

People's United Bank is a subsidiary of People's United Financial, Inc., a diversified financial services company with over $37 billion in assets. People’s United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.

Our over 5,000 employees focus on providing an extraordinary customer experience through a network of branches located in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. In addition, seven-day banking is available at more than 140 convenient People’s United Bank Stop & Shop locations in Connecticut and New York.

Our story reflects not only our banking history, but also our fundamental principles. At People’s United Bank, we believe that, by offering empathy and expertise to our customers, giving back as partners in our communities, and valuing the know-how of our employees, we all succeed together.

Caring for Customers

We know that our business is built on our ability to exceed your expectations. We tailor our checking, savings, mobile banking, small business, commercial and wealth management products and services to deliver unique customer solutions. We don't just sell; we use our know-how to create innovative solutions to address your financial needs and those of your family.

Community Partnership Matters

People's United has a proud legacy of investing our time, our funds and our talent to support the needs of those around us . We are leaders in the communities in which we work and we take our responsibility to be good neighbors seriously. People's United Bank and the People's United Community Foundation , together, give more than $5 million annually to programs and services that enhance the quality of life in the neighborhoods we serve.

Succeeding Together

For the People's United Bank team, success is built on our commitment to each other and to our shared principles. We believe in supporting our colleagues and leveraging their unique talents to drive competitive advantage. We work to create an environment of collaboration, empowerment, accountability, trust, and open debate.

People’s United Bank was originally chartered as the Bridgeport Savings Bank on December 24, 1842. At a time when most banks served only commercial businesses, People's United defined itself as a bank for the middle class. Deposits at the end of the first week of business totaled $97 and the bank's first employees were leading citizens in Bridgeport, Connecticut who accepted no salaries. It was ten years before a clerk was hired at $2 per week.

Many milestones later, People's United continues to positively impact the communities where our employees live and work. We also have a long history of employee volunteerism, as we choose to make a difference in our world by working to improve the quality of life throughout our footprint. We are 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 Timeline and our Proud Legacy of Brands


Bridgeport Savings Bank chartered


Bank assets totaled nearly $4 million


Completed headquarters building at State and Main Streets in Bridgeport


Bridgeport Savings Bank and People’s Savings Bank merge, assuming the name Bridgeport-People’s Savings Bank


First branch opens in Stratford


People’s Savings Bank merges with Southport Savings Bank assuming the name People’s Savings Bank-Bridgeport


People’s Savings Bank-Bridgeport moves into new 11-story headquarters building on Main Street in Bridgeport


People’s Savings Bank-Bridgeport acquires assets of First Stamford Bank and Trust Company


People’s Savings Bank-Bridgeport acquires Guardian Federal Savings and Loan Association of Bridgeport


People’s Savings Bank-Bridgeport merges with New Haven-based National Savings Bank, Hartford-based State Bank for Savings, and Vernon-based People’s Bank. People’s Savings Bank-Bridgeport assumes People’s Bank name


People’s Bank begins offering Visa and MasterCards


People’s Bank acquires Norwalk-based First Federal Savings Bank


People’s Bank converts to a stock bank operating in a mutual holding company structure. Approximately 20% of the bank's shares are sold to the public at a split-adjusted price of $1.20 per share and the remainder is held by the bank's parent, People’s Mutual Holdings. People’s Bank stock begins active trading on the NASDAQ under ticker symbol PBCT


People’s Bank opens new 16-story headquarters building designed by Richard Meier at State and Main Streets in Bridgeport


People’s Bank acquires deposits of Hartford-based Landmark Bank


People’s Bank enters into exclusive relationship with
Stop & Shop supermarkets to operate branches in
their Connecticut stores.


People’s Bank acquires Norwich Financial Corp., the parent company of the Norwich Savings Society


People’s Bank sells its credit card division to the Royal Bank of Scotland. All employees maintain jobs in Bridgeport.


People’s Bank changes its charter from a state-chartered bank to a nationally-chartered savings bank and announces plans for a second-step conversion to a company owned fully by shareholders


People’s Bank completes second-step conversion, raises $3.44 billion in capital and changes name to People’s United Bank. As part of the conversion, the bank established a $60 million community foundation – the largest ever created as the result of a second-step conversion.


People’s United Financial, the holding company for People’s United Bank, purchases the Chittenden Corporation, comprising Chittenden Bank, headquartered in Burlington, VT; Ocean Bank, headquartered in Portsmouth, NH; Maine Bank & Trust, headquartered in Portland, ME; Merrill Bank, headquartered in Bangor, ME; Flagship Bank, headquartered in Worcester; MA; and Bank of Western Massachusetts, headquartered in Springfield, MA.


People’s United Financial, the holding company for People’s United Bank, purchases Financial Federal Corporation, an equipment financing company headquartered in Houston, TX (February); Butler Bank, based in Lowell, MA (April); LSB Corporation, a bank holding company whose principal subsidiary, RiverBank, is headquartered in North Andover, MA (December), Smithtown Bancorp, a bank holding company whose principal subsidiary, Bank of Smithtown, is headquartered in Smithtown, NY (December).


People’s United Financial, the holding company for People’s United Bank, purchases Danvers Bancorp, Inc, a bank holding company whose sole subsidiary, Danversbank, is headquartered in Danvers, Massachusetts (July).


People’s United Bank, a subsidiary of People's United Financial, Inc. completes its acquisition of 57 branches in the greater New York metro area from RBS Citizens, N.A. Fifty-three of the branches are in Stop & Shop supermarkets, complementing the bank’s existing traditional branches in the metro area, and adding to its 87 existing Connecticut Stop & Shop locations. The bank has enjoyed a strong relationship with the supermarket company since 1995. (June)


In February, People's United Bank changes its charter from a nationally-chartered savings bank to a national banking association, and changes its name to "People's United Bank, National Association."

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