About Peoples United Bank
Peoples United Bank is a company based in Bridgeport (United States) founded in 1842 was acquired by M&T Bank in February 2021.. The company has 333 employees as of December 31, 2021. Peoples United Bank has completed 10 acquisitions, including Belmont Savings Bank, Eagle Insurance Group and Financial Federal. Peoples United Bank offers products and services including Checking Accounts, Mortgages, Savings Accounts, and Business Loans. Peoples United Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Bridgeport, United States
- Employees 333 as on 31 Dec, 2021
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Peoplesbank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
333
as on Dec 31, 2021
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Investments & Acquisitions
Belmont Savings Bank
& 9 more
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Acquired by
M&T Bank
(Feb 22, 2021)
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Products & Services of Peoples United Bank
Peoples United Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Mortgages, Savings Accounts, and Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and deposits with online access.
Home financing options with flexible terms and repayment plans.
Accounts for secure savings growth and interest earnings.
Loans to support business operations and cash flow needs.
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Leadership Team
204 people
Software Development Team
92 people
Sales and Marketing
22 people
Legal and Compliance
19 people
Business Team
19 people
Finance and Accounting
17 people
Senior Team
14 people
Data Analysis and Operations Team
10 people
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Funding Insights of Peoples United Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Peoples United Bank
Peoples United Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include M&T Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of mortgages, insurance, investments, and credit cards
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Peoples United Bank
Peoples United Bank has strategically engaged in corporate development activities, having acquired 10 companies. Notable acquisitions include Belmont Savings Bank, Eagle Insurance Group and Financial Federal. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance risk management services are provided by Eagle Insurance Group.
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2010 | ||||
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Equipment leasing and financing services are provided by LEAF.
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2010 | ||||
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Credit union banking services are provided to members.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Peoples United Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Peoples United Bank Comparisons
Competitors of Peoples United Bank
Peoples United Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Peoples United Bank
Frequently Asked Questions about Peoples United Bank
When was Peoples United Bank founded?
Peoples United Bank was founded in 1842.
Where is Peoples United Bank located?
Peoples United Bank is headquartered in Bridgeport, United States. It is registered at Bridgeport, Connecticut, United States.
Who is the current CEO of Peoples United Bank?
John Barnes is the current CEO of Peoples United Bank.
How many employees does Peoples United Bank have?
As of Dec 31, 2021, the latest employee count at Peoples United Bank is 333.
What does Peoples United Bank do?
Founded in 1842, Peoples United Bank operates as a subsidiary of Peoples United Financial Inc. in the commercial banking sector. Services including banking, lending, investing, insurance, deposits, treasury management, and wealth management are provided to individual and corporate clients. The bank is headquartered in Bridgeport, United States, with annual revenues of 2.2 billion and net profit of 572.6 million recorded in 2020.
Who are the top competitors of Peoples United Bank?
What products or services does Peoples United Bank offer?
Peoples United Bank offers Checking Accounts, Mortgages, Savings Accounts, and Business Loans.
How many acquisitions has Peoples United Bank made?
Peoples United Bank has made 10 acquisitions, including Belmont Savings Bank, Eagle Insurance Group, and Financial Federal.
Who are Peoples United Bank's investors?
Peoples United Bank has 1 investor. Key investors include M&T Bank.
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