People's United Bank is the largest independent bank headquartered in New England. It has grown to approximately $28 billion in assets and more than 375 branches in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine. Convenient, seven-day banking is offered at more than 80 of our branches in Connecticut Stop & Shop supermarket locations.
A diversified financial services company founded in 1842, People's United Bank provides consumer, commercial, insurance, retail investment and wealth management and trust services to personal and business customers. Through its subsidiaries, People's United Bank offers: brokerage, financial advisory services, investment management services and life insurance through People's Securities, Inc.; equipment financing through People's Capital and Leasing Corp. and People's United Equipment Finance Corp; and other insurance services through the People's United Insurance Agency.
People's United Bank was organized under the mutual holding company structure and went public in 1988 at a split-adjusted price of $1.20 per share. In 2006, the bank changed to a federally-chartered mutual holding company and a federal savings bank charter, providing significantly greater flexibility in opening new branches and expanding its businesses in all states. In April 2007, People's United Financial, Inc., the bank's parent company, completed the conversion from a mutual holding company structure to a full publicly-owned stock company.
As part of the conversion, the bank established a $60 million community foun
