sector: Financials ·
industry: Banks ·
As of
24 Nov 2009
16.46USD
People's United Financial, Inc. (People’s United Financial), is a savings and loan holding company. The principal business of People’s United Financial is to provide, through People’s United Bank and its subsidiaries, commercial banking, retail and small business banking and wealth management services to individual, corporate and municipal customers. Traditional banking activities are conducted primarily within the New England and include extending secured and unsecured commercial, and consumer loans, originating mortgage loans secured by residential and commercial properties, and accepting consumer, commercial and municipal deposits. In addition to traditional banking activities, People’s United Bank provides specialized services tailored to specific markets, including personal, institutional and employee benefit trust; cash management, and municipal banking and finance. On January 1, 2008, People’s United Financial completed its acquisition of the Chittenden Corporation.
BRIEF: For the nine months ended 30 September 2009, People's United Financial, Inc.'s interest income decreased 18% to $579.3M. Net interest income after LLP decreased 17% to $385.9M. Net income decreased 27% to $76.3M. Net interest income reflects lower interest income from commercial real estate, partially offset by incr. provision for loan losses. Net income suffered from decreased investment mgmt. fees and higher other non interest expenses.
People's United Financial, Inc.
850 Main Street
Bridgeport CT 06604
P: +1203.3387171
F: +1203.3382545