People's United Bank Overview

People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with approximately $48 billion in assets. Founded in 1842, People's United Bank is a premier, community-based, regional Northeast bank with more than 5,500 employees offering commercial and retail banking, as well as wealth management services.
The staff at People's United Bank come from unusually diverse demographic backgrounds. The company is 63.9% female and 37.2% ethnic minorities. People's United Bank employees are slightly more likely to be members of the Democratic Party than the Republican Party, with 63.0% of employees identifying as members of the Democratic Party. Despite their political differences, employees at People's United Bank seem to be happy. The company has great employee retention with staff members usually staying for 5.5 years. The average employee at People's United Bank makes $43,383 per year. Pay at People's United Bank is significantly lower than some of its highest paying competitors, like Bank of the West, Citizens Financial Group, and VAR Technology Finance, which pay $83,013, $75,737, and $63,732, respectively.
A large finance company with 5,188 employees and an annual revenue of $2.0B, People's United Bank is headquartered in Connecticut.

The Organization’s Mission

We believe in the power of friendly, caring and sharing people working together to bring solutions to our customers. Since 1842, we have been serving the communities in which we live and work.

Perks of Working at People's United Bank

People that work here love the company's warm atmosphere and collaborative environment. They are also afforded with lots of training for skills enhancement.

People's United Bank Reviews

Zippia Official Logo

5.0

Zippia UserAugust 2022

5.0

Zippia Official LogoZippia UserAugust 2022

What Do You Like About Working There?

Diversity, opportunities, Teamwork

What DON'T You Like About Working There?

As any job, if you focus on your goals and follow the process to develop. There is nothing I can say wrong about this organization

What Are Your Favorite Benefits/Perks?

Benefits, HSA and PTO
Zippia Official Logo

5.0

Zippia UserDecember 2019

5.0

Zippia Official LogoZippia UserDecember 2019

What Do You Like About Working There?

Great Culture and lots of opportunity for growth.

What Are Your Favorite Benefits/Perks?

great 401K plan. After you have been here for 1yr the bank will contribute an additional 3% of your total compensation from the prior year into your 401K. They match at 4% plus the additional 3% of your total compensation. Great benefit.
Zippia Official Logo

3.0

Zippia UserJune 2019

3.0

Zippia Official LogoZippia UserJune 2019

What Do You Like About Working There?

I like my managers and the fact I can call them at anytime. I like my PTO and my 401K. I like my colleagues and the office I am assigned to

What DON'T You Like About Working There?

We are not innovative and management is stuck in the 90’s. Lack of advancement opportunities. You can hit the ceiling pretty quickly and unless if you are connected with people in the corporate office, you are stuck in the branches
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The Team At People's United Bank

Key People

John P. Barnes

The Inside Scoop
People's United Financial operates as the bank holding company for People's United Bank providing commercial banking, retail banking, and wealth management services to municipal, corporate, and individual customers. The offer a range of services including equipment financing, insurance, and institutional trust, among others.
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People's United Bank Company Rankings

People's United Bank is ranked #80 on the Best Companies to Work For in Connecticut list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

People's United Bank Salaries

8.2
Salary Score
The national average salary for a People's United Bank employee in the United States is $43,383 per year. Employees in the top 10 percent can make over $83,000 per year, while employees at the bottom 10 percent earn less than $22,000 per year.
Average People's United Bank Salary
$43,383 yearly
$20.86 hourly
Updated August 22, 2022
$22,000
10 %
$43,000
Median
$83,000
90 %
Average Employee Earnings

Highest Paying Jobs At People's United Bank

Rank  Job Title  Avg. Salary  Hourly Rate  
1Software Engineer Lead$115,263$55
2Enterprise Architect$112,599$54
3Senior Java Developer$111,142$53
4Java/J2ee Developer$98,197$47
5SAS Programmer$80,393$39
6Supervisor$69,985$34
7Commercial Credit Analyst$62,274$30
8Quality Assurance Analyst$61,569$30
9Branch Manager$56,233$27
10Customer Service Senior Associate$53,827$26
11Banker$50,310$24
12Underwriter$50,278$24
13Management Trainee$49,489$24
14Loan Representative$39,256$19
15Assistant Manager$39,209$19
16Loan Processor$36,871$18
17Administrative Assistant$35,852$17
18Customer Service Associate$33,797$16
19Internship$33,603$16
20Teller$32,798$16

People's United Bank Demographics Summary

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

People's United Bank Gender Distribution

Male
Male
36%
Female
Female
64%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for People's United Bank. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • People's United Bank has 5,188 employees.

  • 64% of People's United Bank employees are women, while 36% are men.

  • The most common ethnicity at People's United Bank is White (63%), followed by Hispanic or Latino (18%) and Asian (9%).

  • 18% of People's United Bank employees are Hispanic or Latino.

  • 9% of People's United Bank employees are Asian.

  • The average employee at People's United Bank makes $43,383 per year.

  • People's United Bank employees are most likely to be members of the democratic party.

  • On average, employees at People's United Bank stay with the company for 5.5 years.

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People's United Bank Employee Political Affiliation

People's United Bank employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a People's United Bank employee was by Lainrobert Maquat. Lainrobert Maquat donated $5,450 to the Republican Party.

Parties

Democratic Party

63.2 %
-

Republican Party

36.8 %
-

Employee Political Donations

Name  Job Title  Party  Donation  
Lainrobert MaquatWealth Management AdvisorRepublican Party$5,450
Matthew CarterBankerDemocratic Party$4,274
Dianne MercierBankerRepublican Party$4,250
Michael SeaverPresidentDemocratic Party$4,025
Michael AlstonStrategic AnalystDemocratic Party$3,602
Samuel LaddBankerRepublican Party$3,000
Jeremiah GilbertLead Infrastructure EngineerDemocratic Party$2,727
Mike AlstonAnalystDemocratic Party$1,543
Robert MaquatWealth Management AdvisorRepublican Party$1,520
Lorilyn LucyBankerRepublican Party$1,250
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People's United Bank Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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People's United Bank Subsidiaries

Subsidiaries to People's United Bank include VAR Technology Finance, First Connecticut Ban, and Danvers Bancorp. Employees at the parent company, People's United Bank, earn $43,383. In comparison, the salaries at VAR Technology Finance, First Connecticut Ban, and Danvers Bancorp are $63,732, $63,034, and $62,642.
Company
ascdesc
Average Salarydesc

VAR Technology Finance

Salary Range43k - 92k$64k$63,732

First Connecticut Ban

Salary Range42k - 93k$63k$63,034

Danvers Bancorp

Salary Range43k - 90k$63k$62,642

LSB Corp

Salary Range40k - 93k$62k$61,933

Belmont Savings Bank

Salary Range28k - 52k$39k$38,770
$28k
$93k

People's United Bank Competitors

Competitors of People's United Bank include Bank of the West, Citizens Financial Group, and VAR Technology Finance. The wages at Bank of the West average higher than the other similar companies, where the median salary is $83,013 per year. The salaries at Citizens Financial Group average $75,737 per year, and the salaries at VAR Technology Finance come in at $63,732 per year.
Companydesc
Average Salarydesc
Bank of the West
Salary Range60k - 113k$83k$83,013
Citizens Financial Group
Salary Range56k - 101k$76k$75,737

VAR Technology Finance

Salary Range43k - 92k$64k$63,732

First Connecticut Ban

Salary Range42k - 93k$63k$63,034

Danvers Bancorp

Salary Range43k - 90k$63k$62,642

LSB Corp

Salary Range40k - 93k$62k$61,933

BANKWEST

Salary Range39k - 82k$57k$57,299
Bank of America
Salary Range36k - 76k$53k$53,211
Union Bank of Michigan
Salary Range35k - 66k$48k$48,400
Fifth Third Bank
Salary Range33k - 68k$48k$48,033
$25k
$113k

Frequently Asked Questions about People's United Bank

When was People's United Bank founded?

People's United Bank was founded in 1842.

How many Employees does People's United Bank have?

People's United Bank has 5,188 employees.

How much money does People's United Bank make?

People's United Bank generates $2.0B in revenue.

What industry is People's United Bank in?

People's United Bank is in the finance industry.

What is People's United Bank's mission?

People's United Bank's mission statement is "We believe in the power of friendly, caring and sharing people working together to bring solutions to our customers. Since 1842, we have been serving the communities in which we live and work."

What type of company is People's United Bank?

People's United Bank is a public company.

Who are People's United Bank's competitors?

People's United Bank competitors include Bank of the West, TCF Financial, Belmont Savings Bank, Danvers Bancorp, First Connecticut Ban, LSB Corp, Fifth Third Bank, Bank of America, U.S. Bank, Wells Fargo, New York Community Bank, The Peoples Bank, Amscot, VAR Technology Finance, Citizens Financial Group, Union Bank of Michigan, State Bank of Cross Plains, BANKWEST, ACE Cash Express, Maritime Savings Bank.

Who works at People's United Bank?

John P. Barnes (CEO)

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Zippia gives an in-depth look into the details of People's United Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about People's United Bank. The employee data is based on information from people who have self-reported their past or current employments at People's United Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by People's United Bank. The data presented on this page does not represent the view of People's United Bank and its employees or that of Zippia.

People's United Bank may also be known as or be related to PEOPLE S UNITED FINANCIAL INC., People's United Bank, People's United Bank, National Association, People's United Financial, People's United Financial Inc and People's United Financial, Inc.