Chittenden Bank, Vermont's largest bank, will be changing its name to People's United Bank on July 17 after 106 years of representing the Vermont county's name. People's United, based in Connecticut, bought Chittenden Bank in 2008, making Chittenden a division of People's United in January 2009.
Letters were sent to Chittenden Bank customers yesterday, June 30, stating the change, ‘We are pleased to share some exciting news with you. As you may know, Chittenden Bank has been operating as a division of Peoples United Bank since January 2009. On July 17, 2010, the name of Chittenden Bank will change to People’s United Bank."
The letter was signed by People's United Interim President Jack Barnes and Michael Seaver, whose former title, president of Chittenden Bank, has been changed to Vermont President, People's United.
A new online banking system for Chittenden customers will be installed on July 17 and be available starting July 19.
Source: Chittenden Bank 6.30.2010
Chittenden Bank will change name to People's United
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