BRIDGEPORT, CT - AUGUST 16, 2017
People's Financial Services Roundtable (FSR), the leading advocacy organization for America's financial services industry, has recognized People's United Bank with the 'Corporate Social Responsibility Leadership' award for its 2016 community involvement efforts.
Twenty-eight financial services companies were recognized for their commitment to the values of volunteerism, financial literacy, and improving opportunity for more Americans, during a reception with the CSR 115th Honorary Congressional Host Committee on Wednesday, July 12 on Capitol Hill in Washington, D.C.
In 2016 People's United Bank employees volunteered over 30,000 hours for an economic impact of nearly $800,000, and completed 672 financial literacy programs reaching nearly 20,000 individuals.
“At People’s United Bank, we take our responsibility to be good neighbors seriously, which is reflected by our thousands of employees who dedicate their time and talent to giving back to our communities every day,” stated Jack Barnes, President and CEO, People’s United Bank. “It’s an integral part of our culture and how we do business. Through charitable giving, employee volunteerism, financial literacy efforts, and business know-how, we are committed to working together in helping our communities thrive.”
FSR's Corporate Social Responsibility (CSR) program promotes the positive impact Financial Services Roundtable member companies make in their local communities, nationwide, and worldwide by investing in social business opportunities and supporting the work of non-profit and other organizations, with a focus on financial education, community development, and the environment.
“FSR member companies strengthened their local communities by supporting over a million volunteer projects, donating over $1.1 billion dollars for the second year in a row, volunteering nearly 8 million hours, and completing close to 700,000 financial literacy projects,” said FSR’s Vice President of Corporate Social Responsibility Judy Chapa. “This service reflects the financial industry’s commitment to expanding financial literacy and improving opportunity for more Americans.”
People's United Bank N.A., is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with over $43 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 approximately 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.