2 star ratingAverage User Rating:
2 star rating based on 4 reviews.

People's United Bank

People's United Bank Locations
850 Main Street
Bridgeport, CT 6604
800-894-0300
www.peoples.com



People's United Bank is headquartered in Bridgeport and is the largest bank in the state of Connecticut. It is also the 49th largest bank in the nation. It was established in 1988 and as of December of 2011, it had grown to 5,209 employees at 374 locations. People's United Bank has a 5-star health rating.

Related Posts

$50/$50 Refer-A-Friend Promo (Forum) - 2/29/2012

Hi everyone, Starting yesterday,2/28/2012, People's United Bank is offering a Promo to existing customers to refer new customers to open a New checking account. Unfortunately, the Free Rewards Checking account is not eligible to new customers, as it is

People's Bank Drops Rate To 2.25% (Was 2.5%) No Courtesy Notice To Customers (Forum) - 1/27/2012

Per bank rep on 27 Jan 2012: Qualified reward accounts earn 2.25% APY with a 2.225% Interest Rate on balances up to $24,999.99.

People's United (Ex-Danvers) Rate Drop To 2.5% APY, Was 3% - No Courtesy Notify To Customers (Forum) - 11/28/2011

People's United Bank Rate Drop to 2.5% APY, was 3% - No Courtesy Notify to Customers Qualified accounts earn 2.50% APY with a 2.47% APR on balances up to $24,999.99. Do not have info on the grandfathered $100k accounts.

$100 Gas Card Checking Account Promotion at People's United Bank - Northeast Only - 9/12/2011

People's United Bank is offering a $100 gas card when you open any personal checking account and perform certain activities. The account must be opened with a minimum of $25 by 10/31/2011. They give y ...

2011





People's United Bank CD Rates

ApyMinMaxProduct
0.60%$500-2 Year Plus CD
0.55%$1k-2 Year Passbook CD

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


People's United Bank
OTS #18027
FDIC Certificate #27334
BankRate ReportView
Year Established1988
Employees5209
Primary RegulatorOCC

Assets and Liabilities

Assets$27.32 billion
Loans$20.34 billion
Deposits$20.84 billion
Equity Capital$4.69 billion
Loan Loss Allowance$159.93 million
Unbacked Noncurrent Loans$525.88 million
Real Estate Owned$22.33 million

Historic Data - December 2010

Assets$23.86 billion
Equity Capital$4.19 billion
Loan Loss Allowance$144.89 million
Unbacked Noncurrent Loans$603.77 million
Real Estate Owned$30.74 million

Profit Margin - Quarterly

Net Interest Margin4.36%
Return on Assets0.81%
Return on Equity4.62%
Interest Income$1.07 billion

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 People's United Bank had $548.21 million in non-current loans and owned real-estate with $4.85 billion in equity and loan loss allowances on hand to cover it. This gives People's United Bank a Texas Ratio of 11.30% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for People's United Bank decreased slightly from 14.55% as of December 31, 2010 to 11.30% as of December 31, 2011, resulting in a positive change of 22.30%.This indicates that the balance sheet and financial strength for People's United Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, People's United Bank has increased its total deposits by $2.84 billion, resulting in 15.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth People's United Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. People's United Bank has $27.32 billion in assets with $4.85 billion in equity, resulting in a capitalization level of 17.76%, which is excellent.
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INTEREST RATE POSTING AND SERVICE
1 stars - monacore - Thursday, March 22, 2012 - 11:31 AM

About half a year ago PUB took over a fantastic bank, Danversbank.  The service was excellent and the rewards checking was a nice account. When they lowered rates they would let you know in advance. Now unfortunately, the customer service over the phone is not the same. I understand that they did not have a rewards checking and that they appear to be phasing it out. They do not provide a heads up on the rates lowering. You unfortunately find it out when you see your interest posted.  They should at least have the courtesy like the other rewards banks I have worked with to give you a heads up prior to the next months posting. I have asked if they would send an email at the beginning of the monthly interest period if the rates are going to be lowered or at a different rate but they said they do not have to.   I wish them well but I expect to look for a more family oriented bank in the near future.

5

One Star Is Too Many.
1 stars - Jefe111 - Friday, January 14, 2011 - 1:56 PM

They just took over Chittenden Bank (New England area), luckly enough they did not fire the original employees at my branches or this place would have no stars.  They have changed all of the policies and now charge for everything.  I can not even view online breakdowns of any transaction (once able to with CB) without a surcharge.  They raised the minimum balance from $100 dollars to $750 - COME ON.  YES, I am changing banks today.

5

Service Is Comparable To Other Banks Out There; You Can Do Better On Deposit Rates
1 stars - mac2010 - Saturday, September 25, 2010 - 10:05 PM

People's tries to say that they can have low deposit rates because of service. That is not true and they have typical bank service and everything that requires a CSR tends to take at least 45 minutes. They have been taking over bank after bank and lowering the deposit rates. I hope that people are following and closing their accounts.

4

Good People At Peoples
4 stars - DanR - Thursday, May 26, 2011 - 6:10 PM

People's Bank is a convenience bank located throughout the Northeast. I started banking with them (checking and savings) five years ago when I started college. It has been nothing but your average bank with average accounts. The interest is what you gather is comparable with any other bank in the nation, and the fees they charge per account (nothing for me because I hold the minimum requirements) are in line as well. This bank has the upper hand when it comes to availability. They are open seven days a week which makes getting to the bank easy as pie. Their hours are longer during the week; they close at 7PM Monday through Friday, so swinging by after work is still an option. I have been to roughly a half dozen or so locations to cash checks, get to an ATM, etc. and I have yet to have a problem with their staff. People's has my business and will continue for years to come.

3