BRIDGEPORT, Conn., Oct. 24, 2017 /PRNewswire/ -- People's
United Bank , N.A. a subsidiary of People's United Financial, Inc.
(NASDAQ: PBCT), will celebrate its 175th anniversary on
December 24th. To commence
the celebration, the bank today announced a $175,000 grant from People's United Community
Foundation to Junior Achievement USA, who will use the funding for
upcoming regional financial literacy and career-readiness programs
for youth across six states that align with the People's United
footprint, including: CT, NY, MA, VT, NH, ME. This is the single
largest one-time grant gifted by the Foundation to a non-profit
organization since launching in 2007.
Annually, the Foundation offers awards in support of programs
and services that enhance the quality of life for residents across
its footprint with three core areas of focus that include:
affordable housing, community and youth development. Since its
inception the Foundation has granted nearly $26 million to non-profits.
People's United is also conducting a companywide volunteer
effort, challenging its employees to participate in 175 volunteer
projects throughout the communities it serves. Special customer
appreciation days and product promotions will also be a part of the
celebration.
"This important milestone has been achieved through the
collaborative efforts of our employees and their focus on building
lasting customer relationships, providing local expertise,
returning value to our shareholders and having an impact on the
communities where we live and work," said Jack Barnes, President and CEO. "While we have
significantly expanded our footprint over the years, we have never
lost sight of our roots and the importance of these values which
differentiate us as the bank of choice in the markets we
serve."
It was in 1842 when the bank, originally named Bridgeport
Savings Bank, accepted its first deposits—amassing $97 in its first week. Since established,
People's United has been a pioneer in regional banking, hiring what
is believed to be the first female staff member employed by any
bank in CT circa 1900, the first to offer telephone banking in 1976
and the first CT bank to successfully offer in-store banking seven
days a week through our Stop & Shop relationship.
"With humble beginnings, long-term customer value and trust have
always been at the core of the Bank's commitment. It's that trust
that has allowed People's United to grow organically and through
acquisitions of banks with similar cultures and strategic vision,
from a small regional bank to a diversified financial services
company," added Barnes.
Since 2007 when the People's United name was established, it has
more than tripled the size of its loan and deposit portfolios
through organic growth and 12 strategic mergers and
acquisitions.
Today, People's United has more than 5,500 employees and is a
diversified financial services organization with a branch footprint
of more than 400 across the Northeast, national businesses that
span the country and subsidiaries specializing in equipment
finance, asset management, brokerage and financial advisory
services as well as insurance services.
About People's United Bank
People's United Bank, N.A.
is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT),
a diversified financial services company with $44 billion in assets. People's United Bank,
founded in 1842, is a premier, community-based, regional bank in
the Northeast offering commercial and retail banking, as well as
wealth management services through a network of over 400 retail
locations in Connecticut,
New York, Massachusetts, Vermont, New
Hampshire and Maine.
People's United Bank. "What know-how can
do." ®
Visit us at peoples.com and follow us on Facebook and Twitter.
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SOURCE People's United Bank