People's United Bank Company History Timeline

(301 Jobs)

In 1955, the company acquired Southport Savings Bank.


In 1981, the bank became the first in the country to provide a telephone bill paying service.

In 1981, the company acquired the assets of First Stamford Bank and Trust Company.


In 1982, the company acquired Guardian Federal Savings and Loan Association of Bridgeport.


In 1983, the company acquired People's Bank of Vernon and was renamed People's Bank.


In 1985, the company began issuing credit cards.


In 1986, the company acquired First Federal Savings Bank.


In 1991, the company acquired the deposits of Hartford-based Landmark Bank.


In 1998, the company acquired Norwich Financial Corporation for $164 million in cash.


In 2004, the bank sold its credit card division to the Royal Bank of Scotland at a premium of $360 million.


On January 1, 2008, the bank acquired Chittenden Corporation for $1.9 billion.

In February 2008, a data storage company, Archive America, lost backup tapes in transit containing the "names, birthdays, Social Security numbers and other information" of customers of the bank and of The Bank of New York Mellon.

Also in 2008, the bank acquired Ocean Bank of New Hampshire, Maine Bank & Trust, Merrill Bank, Flagship Bank, and Bank of Western Massachusetts.


In February 2010, the company acquired Financial Federal Corporation, an equipment financing company.

In December 2010, the company acquired LSB Corporation and Smithtown Bancorp.


In November 2016, the bank was selected to manage the core bank accounts for the commonwealth of Massachusetts.


In June 2018, People's United Bank agreed to purchase Farmington Bank in a deal valued at $544 million.

Company Founded
Bridgeport, CT
Company Headquarter

People's United Bank Jobs Nearby

People's United Bank Jobs

People's United Bank Similar Companies

Find Jobs from Similar Companies
Personalize your job search. Where would you like to work?
0 selections

People's United Bank Similar Companies Jobs