People's Bank Plans Name Change
Bridgeport-based People's Bank announced today that, effective the close of business June 6, it changed its name to People's United Bank to accommodate its plans for growth.
People's United Financial, Inc., People's Bank parent holding company, recently completed its second-step conversion to become a fully public company. It raised $3.44 billion in an equity offering and is looking to grow in both new and existing markets.
Customers will be notified of the change in the coming days through a letter from People's United Chairman and Chief Executive Officer John A. Klein. Branch signage will change statewide throughout the summer.
With a new name, the bank is also adopting a new logo. Executed in two colors, the new logo is comprised of the People's United Bank name and an ellipse that unites all three words.
"In Connecticut, we remain the bank that families and businesses have turned to for generations," Klein said. "At the same time, we are looking to expand into other nearby states so we can provide current and new customers with opportunities to experience the superior levels of service that our customers have come to expect.
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