Personal Finance, Business and Finance Solution

Peoples United Bank has its main Banking Station in New England and happens to be the biggest regional Bank Conglomerate. The company owns a total of seven banks that have a total of 21 Billion in total assets. Peoples United Bank owns Banks in several states strung out all over the East Coast. The company happens to own a total of seven bank chains with over 250 total locations. Not only that, 77 Supermarket locations which provide banking services to it’s members while they are shopping.

Peoples United Bank was founded in 1842. We found out upon research that they do indeed offer services to small and large businesses as well as non-business people who just want to keep their money in their bank. They also offer financial planning and investor advice to people who need it, as well as sell Life Insurance. The Bank also reinvests some of its profits back into the communities where they operate their branches.

In fact, there is some unique history behind this company worth mentioning. The original mission of Peoples National Bank back in 1842 was to give people who commuted and work within the Bridgeport Area their own savings accounts. This bank was the only one to offer this service at this time. Historically, if you weren’t rich you could never think of opening up a Savings Account. This Bank opened it’s doors right at about six years after the City of Bridgeport received its Charter.

The philosophy behind this was that as a Bank wanting to conduct transparent business within a city hoping to be around long term, they knew that they would have to get the respect and trust of the workers, not just the wealthy business owners. Their long term goals are to keep that old school personal touch and to get what they want by helping other members in the community get what they want.