M&A Deal Summary |
|
|---|---|
| Date | 2008-01-02 |
| Target | Chittenden |
| Sector | Financial Services |
| Buyer(s) | People s United Bank |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.9B USD |
| Advisor(s) | Lehman Brothers, Inc. J.P. Morgan Securities (Financial) Goodwin Procter (Legal) |
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| Category | Company |
|---|---|
| Founded | 1842 |
| Sector | Financial Services |
| Employees | 6,110 |
| Revenue | 1.8B USD (2019) |
People's United Bank is a diversified financial services company with $33 billion in assets. People’s United Bank 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 over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire, and Maine. People's United Bank was founded in 1842 and is based in Bridgeport, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 13 |
| Sector (Financial Services) | 2 of 12 |
| Type (Add-on Acquisition) | 2 of 12 |
| State (Vermont) | 1 of 1 |
| Country (United States) | 2 of 13 |
| Year (2008) | 1 of 1 |
| Size (of disclosed) | 1 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-05 |
People s Bank Credit Card Operations
United States People's Bank credit card operations provides various credit card products and services for individuals. |
Sell | $2.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-02-19 |
Financial Federal
New York, New York, United States Financial Federal Corp., a financial services company providing collateralized lending, financing and leasing services nationwide to small and medium sized businesses in the general construction, road and infrastructure construction and repair, road transportation and refuse industries. |
Buy | $738M |
