Tuesday, September 27, 2022
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People’s United Bank still growing after 175 years in business

Today People’s totals assets are about $44 billion – more than double the $21 billion it had when President and CEO Jack Barnes took the helm.

People’s United completes $402 million acquisition of Suffolk Bancorp

The 100 percent stock transaction was announced last June.

Office of the Comptroller of the Currency approves People’s United purchase...

Bridgeport-based bank awaits Federal Reserve approval of transaction.

People’s United acquiring Long Island bank for roughly $402 million

The deal is expected to be completed in the fourth quarter pending regulatory and stockholder approvals.