BRIDGEPORT, Conn., March 16, 2017 /PRNewswire/ -- As announced by The Federal Reserve Board on March 16, 2017, People's United Financial, Inc. PBCT has received approval by the Board of Governors of The Federal Reserve for the merger of Suffolk Bancorp, of Riverhead, NY SCNB with and into People's United Financial. The transaction, announced June 27, 2016 and approved by the shareholders of Suffolk Bancorp on October 13, 2016, also received approval by the Office of the Comptroller of the Currency ("OCC") on February 6, 2017.
About People's United Bank, N.A.
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. PBCT, a diversified financial services company with $41 billion in assets. People's United Bank, founded in 1842, is a premier, community-based, regional bank in the Northeast offering commercial and retail banking, as well as wealth management services through a network of nearly 400 branches in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine. Visit us at peoples.com.
People's United Bank. "What know-how can do." SM
Visit us at peoples.com and follow us on Facebook and Twitter.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/peoples-united-financial-inc-announces-federal-reserve-board-approval-of-suffolk-bancorp-acquisition-300425167.html
SOURCE People's United Financial, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.