People's United Bank is headquartered in Bridgeport and is the largest bank in the state of Connecticut. It is also the 41st largest bank in the nation. It was established in 1988 and as of December of 2019, it had grown to 6,357 employees at 452 locations. People's United Bank has an A+ health rating.
Related Posts
4/28 - People's United Bank Offers Three Competitive Plus CD Specials
4/23 - 12 Month 1.25% 18 Month 1.50% 60 Month 2.25%
6/21 - RVM Free Rewards Checking Qualification Problem For Period 05/23/2012 And Ending 06/20/2012
5/23 - Peoples United Drops Rate To 2.00% APY - No Courtesy Notice To Customers
2/29 - $50/$50 Refer-A-Friend Promo
1/27 - People's Bank Drops Rate To 2.25% (Was 2.5%) No Courtesy Notice To Customers
9/12/11 - $100 Gas Card Checking Account Promotion at People's United Bank - Northeast Only
3/15/11 - Amazon Kindle Checking Account Bonus at People's United Bank in the Northeast
2/18/10 - Competitive Long-Term CD & Savings Account Available Online at River Bank - MA & NH Only
11/9/09 - No Longer Available: 3.25% Reward Checking Account at a MA/ME Bank (Butler)
6/22/09 - 3.50% Reward Checking Account at a MA Bank (Marlborough Co-Operative)
8/17/07 - 5.55% 6-Month CD at a Massachusetts Bank (Danvers)
6/16/06 - 5.50% 9-Month CD at a Massachusetts Bank
No bounced check fees!
I have been with People's for about 5 years or so. There are times, very few though still times, that I have made a mistake on my account. Whether it was forgetting to subtract a withdrawal or a check. Needless to say, I ended up with a negative balance. I do have money direct deposited every month. And several times they did not charge me a bounced check fee. I know they don't if the negative amount is less than $5.00, but a couple times it was a little over the $5.00 maximum.
Call Center
Have been with Peoples United for about 15yrs. Generally I am pleased however, I have observed that in the last year, the call center is never available and always requires a lengthy wait for a return call from a representative. It appears that with all things, the bottom line is more important than customer service
Fine Print Gets You Every Time
they were advertising a bonus of $300 if you set up direct deposit.....unfortunately you had to have $75000 on deposit to avoid monthly fees of $30. Found this out when I went in with my wife to open the account. Interestingly, I said that I had made a mistake, and the rep told me that I didn't make a mistake, I hadn't been told until I sat down!
I see it as a mistake on my part, but wow, what an admission on their part!
Did not open account.
RUN RUN RUN!!! DO NOT LET THEM NEAR YOUR MONEY
I am a former United Bank customer that was stuck into the People's United Bank. I talked to 5 different people today for over a hour about a CD that is maturing next week. I will be out of pocket most of next week with medical stuff and wanted to cash in the CD and a check sent to me. I just wanted to leave my wishes for my funds ahead of time so I could focus on my health issues. I was asked by all 5 people multiple security questions and each time I told them I wanted to cash in the CD I was transferred to the next person.The 5th person told me I could not leave any directives for the maturing CD until maturity date. That is bull because I have done this at other banks several times without a problem. So run, run, run like hell and don't let them near your money.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27334 |
| Year Established | 1988 |
| Employees | 6357 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 7.82% |
| Annual Interest Income | $1.91B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $58.34B$47.60B |
| Loans | Q4 2019vs Q4 2018 | $43.92B$35.01B |
| Deposits | Q4 2019vs Q4 2018 | $44.05B$36.48B |
| Equity Capital | Q4 2019vs Q4 2018 | $7.80B$6.49B |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $246.6MM$240.4MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $220.1MM$212.4MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $19.2MM$14.2MM |
