Vermont Business Magazine As announced by The Federal Reserve Board onMarch 16, 2017, People's United Financial, Inc(NASDAQ: PBCT) has received approval by the Board of Governors of The Federal Reserve for the merger of Suffolk Bancorp, ofRiverhead, NY(NYSE: SCNB) with and into People's United Financial. The transaction, announcedJune 27, 2016and approved by the shareholders of Suffolk Bancorp onOctober 13, 2016, also received approval by the Office of the Comptroller of the Currency ("OCC") onFebruary 6, 2017.
About People's United Bank, NA
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with$41 billionin 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 inConnecticut,New York,Massachusetts,Vermont,New HampshireandMaine. Visit us atpeoples.com.
SOURCE: BRIDGEPORT, Conn.,March 16, 2017/PRNewswire/ --People's United Financial, Inc.