People's United Bank

People's United Bank was established in Bridgeport, Connecticut, on July 6, 1988, originally named People's Bank. Over the years, it underwent significant changes and expansions, acquiring several banks including The Landmark Bank in Hartford, Connecticut, in 1991 and The Norwich Savings Society in Norwich, Connecticut, in 1998. The institution changed its name to People's United Bank in June 2007. In 2015, it transitioned to a national bank and became a member of the Federal Reserve System. The bank continued its expansion by acquiring various institutions, including RiverBank in North Andover, Massachusetts, and Lowell's Butler Bank in 2010, as well as United Bank in Hartford, Connecticut, in November 2019. On April 2, 2022, People's United Bank merged with Manufacturers and Traders Trust Company, headquartered in Buffalo, New York, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1988-07-06Institution established. Original name: People's Bank.

1988-07-06Changed Institution Name to People's Bank.

1988-07-06Acquired People's Bank in Bridgeport, CT.

1988-07-06Changed Trust Powers to Full.

1989-03-20Main Office moved to 855 Main Street, Bridgeport, CT 06604.

1991-03-28Acquired The Landmark Bank in Hartford, CT.

1998-02-24Acquired The Norwich Savings Society in Norwich, CT.

2001-07-01Main Office moved to 850 Main Street, Bridgeport, CT 06604.

2006-08-18Changed Chartering Agency to Ots.

2006-08-18Changed Bank Class to Federal Savings Bank.

2006-08-18Changed Primary Federal Regulatory Agency to Ots.

2007-06-16Changed Institution Name to People's United Bank.

2009-01-01Acquired Maine Bank & Trust Company in Portland, ME.

2009-01-01Acquired Merrill Merchants Bank in Bangor, ME.

2009-01-01Acquired Ocean Bank in Portsmouth, NH.

2009-01-01Acquired Chittenden Trust Company in Burlington, VT.

2009-01-01Acquired Flagship Bank and Trust Company in Worcester, MA.

2009-01-01Acquired The Bank of Western Massachusetts in Springfield, MA.

2010-04-16Acquired Butler Bank in Lowell, MA as part of a government assisted merger.

2010-11-30Acquired Bank of Smithtown in Smithtown, NY.

2010-11-30Acquired RiverBank in North Andover, MA.

2011-07-01Acquired Danversbank in Danvers, MA.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2015-02-23Institution becomes member of the Federal Reserve System.

2015-02-23Changed Bank Class to National Bank, member of the Federal Reserve System (FRS).

2015-02-23Changed Organization Type to Commercial Bank.

2015-02-23Changed Institution Name to People's United Bank, National Association.

2017-04-01Acquired The Suffolk County National Bank of Riverhead in Riverhead, NY.

2018-10-01Acquired Farmington Bank in Farmington, CT.

2019-04-01Acquired Belmont Savings Bank in Belmont, MA.

2019-11-01Acquired United Bank in Hartford, CT.

2022-04-02Merged and became part of Manufacturers and Traders Trust Company (588) in Buffalo, NY.