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United Bank - Über People's United United United
People''s Bank is selling its bank cards department to the Royal Bank of Scotland. People''s Bank completed its second stage transformation, raised $3.44 billion in equity and changed its name to People's United Bank. Within the framework of the transformation, the bank set up a $60 million civic trust - the biggest ever set up by a second transformation.
Peoples United Financial, the parent corporation of People's United Bank, acquires Chittenden Corporation, consisting of Chittenden Bank, based in Burlington, VT; Ocean Bank, based in Portsmouth, NH; Maine Bank & Trust, based in Portland, ME; Merrill Bank, based in Bangor, ME; Flagship Bank, based in Worcester; MA; and Bank of Western Massachusetts, based in Springfield, MA.
Peoples United Financial, the parent corporation of People's United Bank, acquires Financial Federal Corporation, an equity finance firm domiciled in Houston, TX (February); Butler Bank, domiciled in Lowell, MA (April); LSB Corporation, a banking holdings firm, whose primary affiliate RiverBank is domiciled in North Andover, MA (December), Smithtown Bancorp, a banking holdings firm, whose primary affiliate Bank of Smithtown is domiciled in Smithtown, NY (December).
Peoples United Financial, the parent of Peoples United Bank, acquires Danvers Bancorp, Inc, a bank hold ment whose only affiliate, Danversbank, is based in Danvers, Massachusetts (July). announced the Merchant Services with Vantiv, Inc. agreement to establish People's United Merchant Services, a wholly owned affiliate of People's United Bank. People's United Bank changes its Articles of Incorporation from a publicly owned bank to a public bank and changes its name to People's United Bank, Public Bank.
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