On June 7, 2007, the bank changed its name to People's United Bank. The company moved to a new headquarters building designed by Richard Meier in 1989. In 1985, the company began issuing credit cards, but by 2004, it sold its credit card division to the Royal Bank of Scotland at a premium of $360 million. It then acquired several other banks in New England to become the second largest in the region. After acquiring People's Bank of Vernon, CT, in 1983, the company was renamed People's Bank. In 1981, the bank became the first in the country to provide a telephone bill paying service. The company was founded in 1842 as Bridgeport Savings Bank in Bridgeport, Connecticut. On April 2, 2022, the bank merged with M&T Bank and was fully integrated into M&T by the third quarter of 2022.
It was the second-largest full-service bank in New England, one of the largest in the northeast, and the 46th-largest in the United States. The bank operated 403 branches in Connecticut, southeastern New York State, Massachusetts, Vermont, Maine, and New Hampshire. People's United Financial, Inc., was an American bank holding company that owned People's United Bank.
Map of People's United branches as of March 2013.
