People’s United Bank
People’s United Bank is a regional bank that operates across the Northeastern United States. It offers retail banking services, financial advisory services, and wealth management. The bank has about 400 retail locations in New England. Branches are located in Connecticut, Maine, Massachusetts, New Hampshire, and New York. In addition, the bank has more than 1,000 ATMs.
Founded in 1842, People’s United Bank is a federally chartered stock savings bank. As a result of mergers and strategic acquisitions, the bank expanded its business, offering a range of products and services. Aside from its retail banking services, the bank also offers wealth management and brokerage services. Additionally, the bank’s 401(k) plan has employer match, and there are full-time telecommuting jobs available.
People’s United Bank has a national charter and serves the community through various programs and initiatives. The bank maintains a team of more than 5,000 employees and provides benefits such as paid time off, health insurance, and tuition assistance. Moreover, the bank is also committed to offering outstanding customer service. To that end, it has established a $60 million community foundation.
People’s United Bank is a subsidiary of People’s United Financial, Inc., a diversified financial services company that was founded in Bridgeport, Connecticut in 1842. Through a series of mergers, People’s United has grown to become a nationwide bank with over 5,000 employees and over 1,000 branches in the U.S. This makes the bank one of the largest in the nation.
In the spring of 2019, People’s United Bank purchased United Financial Bancorp for $759 million. As a result of this transaction, the people’s united brand will be phased out of NASDAQ after April 1, 2022. After this date, the people’s united brand will be rebranded as M&T.
In the coming years, People’s United Bank will expand to more locations and provide new products and services. By combining its financial strength with that of River Bank, the institution will be able to offer a wider variety of products and services to customers, allowing it to better serve the communities it serves. For example, the combined bank will be able to increase its commercial loan capacity and offer more competitive rates to its customers.
People’s United Bank is headquartered in Bridgeport, Connecticut. The bank’s headquarters is the tallest building in downtown Bridgeport, and it is designed by architect Richard Meier. It is also home to the Bridgeport Merger Corporation, a wholly owned subsidiary of People’s United.
People’s United Bank was originally known as Bridgeport Savings Bank. The bank began operations in 1842, and it became a federally-chartered mutual holding company in 1988. Today, the bank has seven branches in Massachusetts and over a hundred other locations in the Northeast. It offers a Mastercard(r) Platinum Card with concierge service and travel assistance, among other features. There is a $5 minimum foreign transaction fee and a 3% balance transfer fee.
The People’s United Bank Mastercard(r) Platinum Card also offers fraud protection, rental insurance, and a rewards program. Customers will have access to numerous added products and services, including a 401(k) with employer match, tuition assistance, and paid holidays.